Not content with warning of sterling’s collapse in January, commodities bull Jim Rogers has declared himself opposed to the way the US government bailed out the banks.

His remarks to the BBC follow news of state plans to rescue over-stretched small and mid-cap lender CIT Group, led by former Merrill Lynch executive Jeff Peek. Elsewhere, Goldman Sachs has declared a 66% profits recovery from last year after receiving $6bn (€4.29bn) in state aid last year.