Shunning Euro Crisis Boosts Funds for Aberdeen Stock Picker By Peter Woodifield - 2012-05-24T08:06:57Z Aberdeen Asset Management Plc (ADN)’s Jeremy Whitley says the best way to cope with the European debt crisis as a stock investor might be to overlook it. The head of U.K. and European equities at Scotland’s largest money manager has turned around the performance of his funds by investing in companies such as Rolls-Royce Holdings Plc (RR/), the world’s second-largest aircraft-engine maker, and Schindler Holding AG (SCHP), the second-biggest maker of elevators. “When you have a situation like the euro, it is very difficult to set your own thought processes to what might happen,” Whitley, 47, who is responsible for 4.3 billion pounds ($6.8 billion), said in an interview on May ... Continue reading →
The Bank of England: Michael Cohrs, a member of the financial policy committee, says UK banks are ready for a Greek exit from the eurozone. Photograph: Stefan Wermuth/Reuters Britain's banks are strong enough to withstand any Greek exit from the eurozone but need to keep bolstering their financial strength in the face of the escalating crisis, according to a member of a Bank of England regulatory body.Michael Cohrs, who is on the committee monitoring financial risks, said the eurozone crisis was unfolding on "an hour by hour" basis and it was difficult to predict where the contagion would end if Greece left the single currency.In his first interview since joining the Bank's financial policy committee , Cohrs stressed that UK banks were prepared for the ... Continue reading →