Equities

J.P. Morgan Chase was last night ordered to improve its risk management following a $6.2bn (£3.8bn) derivatives trading loss highlighted by a London-based employee dubbed the "Whale".

Two executives at Royal Bank of Scotland (RBS) are reportedly under pressure to step down as US and UK regulators are concerned about the culture of the investment banking division at the bank.

Henderson's European equity managers Bill Stormont and Paul Casson have both left the firm, along with smaller companies manager Simon Savill.

UK EQUITY INCOME

The euro crisis is over, according to European Commission president José Manuel Barroso.

Minutes from the latest Federal Reserve meeting suggesting its quantitative easing programme could end sooner than expected have hit equity markets overnight.

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Senior MPs want to call former Financial Services Authority (FSA) chief executive Hector Sants before the banking standards commission to explain how he will overhaul Barclays' troubled culture.

Business secretary Vince Cable has said investors' expectations on possible return from bank stocks are "hopelessly unrealistic".

Two-thirds of bank staff with sales roles are finding themselves under "more pressure than ever" to hit targets, despite the slew of major mis-selling scandals in recent years, Which? has said.