Whilst the US has just embarked on a “mini” fiscal stimulus, much of the developed world will be marked by fiscal austerity in 2011. This should result in US growth outperforming the majority of developed markets.
A normalisation of corporate behaviour, low levels of durables spending, ongoing strength in Emerging Markets and a very easy monetary stance will all contribute to a return above potential growth for the Global economy by mid 2011.
Over half of all complaints dealt with by the Financial Ombudsman Service in the last year involve four of the UK's largest financial service companies, including Lloyds and RBS
Investors see that big business names can add value with strategic advice and in-depth knowledge, but they are less impressed by the ex-chief executive as window-dressing
Sir Terry Leahy is to become a part-time senior adviser to Clayton Dubilier & Rice, whose role is to help the firm sharpen the investment case for buying RAC, the roadside rescue company
Lenders resume offering high loan to value mortgages as they struggle to offload billions of euros of residential real estate repossessed during the country's property crash
New York's attorney-general has opened an investigation into the way mortgages are securitised and sold to investors, and has requested meetings with at least three banks
Nasdaq OMX and ICE have abandoned their bid for NYSE Euronext after a US competition regulator threatened to sue the companies to block the potential deal
The private equity group is offering a large 'early bird' discount for one of the biggest European buy-out funds, in a sign of how companies are going to greater lengths to attract capital
The withdrawal by Nasdaq OMX of its audacious counter-offer, in partnership with Intercontinental-Exchange, for NYSE Euronext is the latest in a line of failed exchange takeovers