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IMF disqualifies Fischer

IMF tells Stanley Fischer he cannot run for the role of managing director because of age; Fischer “proud and happy” to remain in role at Bank of Israel

Fischer joins IMF race

Governor of the Bank of Israel announces candidacy to become IMF managing director; calls chance to run an “extraordinary and unplanned opportunity”

Queen knights King

Bank of England governor Mervyn King receives knighthood from the Queen in her birthday honours list

Diamond abandons Fed ambitions

Peter Diamond pulls out of race to become the next Federal Reserve governor; says “shortcomings” in confirmation process and “fundamental misunderstandings” in conducting monetary policy to blame

Fed research director to retire

David Stockton, director of the division of research and statistics, will leave the Federal Reserve Board at the end of September after 30 years

Fed veteran joins Barclays

Former Federal Reserve director of monetary affairs Brian Madigan appointed senior policy adviser at Barclays Capital

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