A futures bet gone spectacularly wrong provoked a daylong crisis at one of the clearinghouses that are supposed to be global safeguards. Source: NYT > Business – JACK EWING and MILAN SCHREUER
Merkel Staying Out of Merger Talks Between Germany’s Top Banks
A potential merger between Deutsche Bank and Commerzbank is a private economic affair and the government should stay out of it, Chancellor Angela Merkel said. Source: NYT > Business – MELISSA EDDY