BANK SYSTEM STILL FLAWED

Pimco bond guru Bill Gross says the developed world faces a crisis of "potentially endless proportions" as the West struggles to compete with emerging markets.

EUROPE NEEDS 'SHOCK & AWE'

VIDEO: 30% OF IFAs TO EXIT

Man Group subsidiary GLG is closing John White's Alpha Select fund to new investment next Friday after it reached its asset target of $550m.

Former Bank of England policymaker David Blanchflower has called for Mervyn King to quit over the US WikiLeaks affair.

The IMA Global Emerging Markets sector posted its largest monthly net retail inflow on record in October, as investors redeemed a significant amount from UK All Companies funds.

Schroders' Richard Buxton believes British Airways shares have "material upside" as investors continue to underestimate the benefits of its merger with Iberia.

Economist Nouriel Roubini, known around the world as Dr Doom for forecasting the credit crisis, says Portugal will be the next European country in line for an Irish-style bailout.

Henderson Global Investors is understood to be weighing up a takeover bid for stricken rival Gartmore.