News

French investment bank Societe Generale made a $1bn bet on its own shares for Libya's sovereign wealth fund, according to reports.

Moody's Investors Service last night said if there is no progress in the US on increasing the country's statutory debt limit, it expects to place that government's rating under review for possible downgrade in the next few weeks.

The Bank of England's Paul Fisher said he would consider making emergency bond purchases if the UK's economy suddenly slumped.

Moody's said it has put Citigroup, Bank of America, and Wells Fargo on review for possible credit ratings downgrades as the US government cuts support for future bailouts.

US-based coupon website Groupon has filed to go public so it can raise up to $750m, in the latest high-profile technology company IPO to fire up fears about a bubble in the sector.

Goldman Sachs has received a subpoena from New York prosecutors seeking information on the investment bank's role leading into the global financial crisis, according to reports.

PIMCO's Bill Gross is urging investors to play the safe end of the credit space by shunning duration risk, as rising inflation hits yields.

US shares moved lower at opening, exacerbating falls in Europe, as yet more negative jobs data weighed on investors.

Aviva has appointed Trevor Matthews as CEO of its UK region and as an executive director of Aviva.

AllianceBernstein has launched the Emerging Market Multi-Asset strategy for manager Morgan Harting, investing in equities, fixed income and currencies.