• 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.