- The EU is pushing coordinated bank aid. German Chancellor Merkel’s comments fueled more speculation as she prepares for a meeting in Berlin today with the IMF and OECD heads, and others. From Bloomberg News.
- German factory orders fall unexpectedly for a second month in August. From Bloomberg News.
- In the face of weak economic data, the Bank of England voted to increase QE by 75B pound sterling to 275B. Many expected the central bank to hold off on a move as it assessed growth and inflation in the economy. From the Financial Times.
- UBS cleaned house in its equity division after last month’s trading scandal. Global equity heads Gouws and Bouhara are out. From the Wall Street Journal.
EU Bank Aid Push, BOE Eases, UBS Shakeup & German Slump
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