A round-up of the key stories across the specialist financial media, including news that Europe’s banks are preparing for a worsening of the sovereign debt crisis.
European banks prepare for worst, hoard cash
Europe’s banks are preparing for a worsening of the sovereign debt crisis, stockpiling cash and cutting back on loans to protect themselves against a seizing-up of the financial markets.
European Union governments set tougher rules on budget deficits in the latest draft of a planned fiscal treaty, bowing to some objections raised by the European Central Bank.
Investors exit big-name funds as stars fail to shine
Investors are losing faith in high-profile fund managers’ abilities to protect them from losses, with some of the best known names topping a list of funds that lost cash in 2011.
