The Greek market has dropped 23% this morning as it reopened after a five week shutdown, implemented while the country battled to remain in the eurozone.
European markets are down but stable in early trading after the Greek people voted against further austerity, with the UK's leading index hit least hard.
Experts have expressed their disbelief after it was announced the Financial Services Compensation Scheme's (FSCS) limit for deposit protection would be reduced to £75,000.
European stocks are seeing heavy losses this morning and financial markets took a hit across Asia overnight as Greece said its stock exchange will be shut on Monday and banks closed all week after a decision by the European Central Bank (ECB) not to extend...
Ian Aylward has cut Aviva Investors' multi-manager exposure to US equities to an underweight position for the first time since 2011, fearing the stocks are deeply over valued.
Market participants have reacted with a healthy dose of scepticism to the European Central Bank's long-awaited quantitative easing programme, saying the move may not be enough to revive the struggling eurozone economy.
Sterling dropped and then recovered sharply minutes after new Bank of England Governor Mark Carney told the world he has no plans to raise rates any time soon, but was upbeat on UK growth.
The UK's interests in financial services in the European single market are being heard an "awful lot more" by Europe than people think, according to an investment trade body.
One of the German government's closest economic advisers has warned the euro has a "limited chance of survival" and may only last for another five years.
The pound has weakened against the euro, falling below €1.20 for the first time in more than nine months.