News

The Federal Reserve gave out $1.2trn in loans to US banks secretly in 2008, Federal documents have revealed.

Fitch has become the third ratings agency to downgrade the outlook for the US, from stable to negative, following a congressional committee's failure to finalise deficit cuts.

Around 42% of hedge fund managers see the potential for a default or restructure by Italy and Spain, according to a survey.

Chancellor George Osborne is expected to claim today he has saved the taxpayer £21.5bn in debt interest payments.

Europe may see a ‘twin track' single currency emerge as the sovereign debt crisis unwinds, said Schroders' Richard Buxton.

Schroders is launching an onshore US Equity Alpha fund for head of US large cap equities Joanna Shatney on 14 December.

The Financial Services Authority (FSA) said it estimates half of all funds held in the UK traded life settlement policy market are in investments which are in "difficulty".

US markets have opened 3% higher as investors pin their hopes on the latest promise of eurozone action in the shape of tighter budgetary controls.

Barclays Capital's Jason Smith is backing UK and Chinese government bonds over German bunds in his Research Analysis Driven Absolute Return (RADAR) fund.

Small funds often outperform their larger peers, according to research from Thames River multi-manager heads Rob Burdett and Gary Potter.