Ratings agency Moody's is threatening to cut the ratings of 14 British lenders including RBS and Lloyds on concerns regulators including the Bank of England will harden their stance on future bailouts.

Pictet is launching an absolute return credit fund for ex-Swiss Re managers Raymond Sagayam and Kazik Swiderski.

PIMCO is launching a bank capital securities fund in conjunction with family office Fleming Family & Partners (FF&P) to take advantage of new regulations implemented under Basel III.

Artemis is soft-launching a global equity fund for latest hires Simon Edelsten and Alex Illingworth.

Inflation will not be a serious problem in China in the second half of this year as the economy begins to cool, said Goldman Sachs' Jim O'Neill.

Allianz Global Investors is looking to launch a renminbi-denominated fixed income fund in the summer.

Aberdeen is preparing to launch the first UK-listed emerging markets smaller companies investment trust in June.

S&P has downgraded Greece's credit rating by two notches on default fears, while Moody's and Fitch are also preparing to cut its further, according to reports.

Natixis has opened its high yield-focused Euro High Income fund to UK retail investors.

Julius Baer's Andy Kastner is rotating his absolute return portfolio into defensive sectors including utilities and pharmaceuticals amid ongoing turmoil in European stock markets.