• Word that EU ministers are looking at coordinating some bank recapitalization measures salvaged North American markets yesterday. The IMF is chiming in with support. From the Financial Times.
• France’s finance minister Baroin acknowledged that the 21% voluntary write-down for Greece’s bondholders outlined in the July 21st agreement needs to be revisited. From the Wall Street Journal.
• Moody’s followed S&P’s cut of Italian sovereign debt 3 notches to A2. From the Financial Times.
• The U.S. Justice department and New York’s Attorney General filed separate lawsuits alleging that BNY Mellon fraudulently priced currency transactions for institutional clients. This activity allegedly took place over a 10-year period. From The Wall Street Journal.
• The Chinese Yuan showed strength in September on the back of a strong dollar as U.S. House Republicans look to avoid taking up legislation tying higher tariffs to the currency’s level. From the Wall Street Journal.