Ex-RBS chief Hourican defends record despite Libor

Hourican, who headed the investment bank, cut its balance sheet by two-thirds and made 10,000 staff redundant following the taxpayer bail-out. Yesterday, he said: “I don’t expect any thanks.


Bernanke bows out shunning Cold Turkey

Equity markets have experienced relief rallies on news of the Fed decision to wind down the asset buying programme by an initial $10bn dropping from $85bn per months to $75bn


EFG’s 2014 Outlook: Opportunities & Traps

Year-ahead assessments of where the world economy and financial markets are heading customarily start with the US. In 2014 the path of the US economy and policy appears, for once, fairly settled.


Terry Smith warns on liquidity risks of emerging market funds

In an interview for Money Observer TV marking Fundsmith Equity's third anniversary, Smith explains that he is worried that investors in emerging market funds could be caught in a 'liquidity trap' if there is a run on the asset class.