Introduction

Ex-Bank of England governor Mervyn King says the bank risks triggering a recession by tightening interest rates too much. NatWest CEO Alison Rose has apologised to Nigel Farage for closing his Cootes Bank account. US markets will be on high alert today as an out-of-cycle rebalancing in the NASDAQ 100 collides with some $2.4 trillion of options contracts tied to stocks and indexes scheduled to mature.