Citigroup's top economist Michael Saunders has forecast Greece will exit Europe's single currency on 1 January 2013, and its new currency will immediately depreciate by 60%.
Saunders based his views on the belief any Greek government formed from elections on 17 June will fail to implement the appropriate austerity measures. A note to clients put the likelihood of Greece...
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Liquidity mismatches in open-ended funds, such as that seen in the property sector and in the case of the Woodford Equity Income fund, poses a threat to financial stability and could “amplify shocks in the financial system”, the Bank of England (BoE)...
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First trading loss in five years