Earlier today there was talk in the market that Citigroup would ultimately have to be nationalized. FDIC Bair says she would be “very surprised” if a large US bank were to be nationalized. At this stage, it is hard to know whether that is good news or not…
Forex markets are steady with EUR/USD at 1.3075, USD/JPY at 89.35 and EUR/JPY at 116.80.
