Adam Posen is leaving the Bank of England Monetary Policy Committee (MPC) it was announced this afternoon.
Posen is to leave the MPC on 31 August to become president of Washington-based Peterson Institute for International Economics
Icap has bought the Plus Stock Exchange on a cash-free, debt-free basis for a nominal £1.
The European Union is planning for a Greek exit a European commissioner admitted today.
The UK Prime Minister David Cameron has set out a three-point plan to stop the eurozone spiralling out of control.

Plus Markets is in talks with ICAP to shed its loss-making Plus Stock Exchange (Plus SX).
As European markets continue their fourth day of losses, the Centre for Economic and Business Research (CEBR) has warned that a Greek exit would cost the global economy $1trn (£0.627trn).
The European Central Bank has stopped monetary policy operations with some Greek banks as they have not been successfully recapitalised according to sources.

The Financial Services Authority (FSA) has banned a senior executive at BGC Brokers from performing any regulated activity in the financial services industry.
Markets around the world continued to fall overnight as fears about the eurozone continued.
The Chancellor of the Exchequer George Osborne has criticised speculation over a Greek exit from the eurozone.
US regulators have finalised the supervisory guidance for the stress testing practices of banks worth more than $10bn (£6.22bn).
European stock exchanges have continued to fall this morning over fears for the eurozone.
Arsenal Football Club is one of over a hundred small companies that will have to find a new listing after British stock exchange Plus Markets announced it was planning to shut down after it failed to attract an acceptable takeover offer.
A year ago Financial Risks Today was published but despite events, perhaps nothing has really changed, writes Simon Miller.
With the pace of change moving every quickly, is your company one that will keep pace or fall behind? asks KPMG's head of risk Adam Bates.
In an uncertain world, Caspar Berry examines how the rules on good judgement and prediction may have to change
After a few difficult years, it appears that the upturn is about to happen for the hedge fund industry
Risk management systems come in all shapes and sizes. Head of Client Development at UBS Delta Lindsey Matthews CFA discusses some of the key issues to consider in building risk management tools, illustrated using examples from the system
Political risk has always been at the forefront of investors looking for new territories but with yet another turbulent year ahead of us, what political risk and which hotspots are exercising the minds of political analysts?
With institutions becoming more globally diversified, legal counsel at Labaton Sucharow Dominic Auld examines the risk differences between jurisdictions
Several countries are trying to fix their fiscal problems, however, International Monetary Fund’s director of the Fiscal Affairs Department Carlo Cottarelli argues that in the current environment, some might be going too fast
As the eurozone crisis rumbles on, what measures are banks taking to guard against the worst-case scenario of no solution being found? Graham Buck reviews recent developments
With the UK looking to get out of recession and the regulatory landscape changing again, you could be forgiven for that déjà vu feeling but, asks Charlotte Hill and Victoria Silver, has the government has got it right this time?
UK prime minister David Cameron has given the Scottish people the chance to vote on independence. But, what are the risks to the country if the people vote yes? Hilaire Gomer investigates.
France is at risk of seeing its sovereign rating downgraded as debt and deficit problems combine with an election year and exposure to troubled eurozone countries. Can France avoid le crunch?