Economics / Markets

Barclays former chief executive Bob Diamond has opted to give up a deferred bonus owed to him from his former bank, worth up to £20m.

The US Federal Reserve raised concerns about LIBOR as early as 2007 and shared proposals for reform with the UK regulator, according to reports.

Deputy governor of the Bank of England Paul Tucker hit back at former Barclays chief executive, Bob Diamond over the LIBOR scandal yesterday.

M&G's Richard Woolnough said the possibility of another £375bn in asset purchases by the Bank of England means gilt yields could remain at record lows for years to come.

J.P. Morgan Asset Management (JPAM) has launched an emerging market income fund for Richard Titherington.

Brussels is proposing new rules to prevent the manipulation of LIBOR as part of a crackdown in the wake of the rate-fixing scandal.

J. P. Morgan Asset Management is to develop an investment outsourcing proposition for financial advisers.

The Royal Bank of Scotland (RBS) is to challenge a court order requiring it to co-operate with an international criminal investigation into rate-fixing.

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Former chief executive Bob Diamond is facing a battle to keep his £25m pay-off from Barclays after it emerged the bank's board is looking into its legal position on his entitlements.