| Financial Stocks: Financials head south on European bank woes U.S. financial stocks on Tuesday were the worst-performing sector in the S&P 500 Index, closing down 2.4% as worries over European banks and sovereign debt moved back into the foreground. feeds.marketwatch.com |
Bob Diamond: Polished - or Flawed? The appointment of Bob Diamond as Barclays CEO has caused a stir in the City, but you just can't keep a good man down, says Jeremy Warner. telegraph.co.uk |
UK banks could need 2011 bail-out, warns New Economics Foundation UK banks may require a government-funded bailout in 2011 due an emerging funding gap of £25bn a month, the New Economics Foundation warned. telegraph.co.uk |
Canadian Markets: Canadian stocks edge lower after U.S. job report The Canadian market loses steam after U.S. data show declines in private-sector jobs in September and the International Monetary Fund projects a “dismal†outlook for global real estate. feeds.marketwatch.com |
EasyJet soars on profits upgrade Easyjet has upgraded its guidance for full-year earnings after fears of a staycation summer in Britain failed to materialise. telegraph.co.uk |