More words on this whole Bk of America and Merill Lynch fiasco with the US bailout watchdog Barofsky saying that he was looking into reports that BofA was pressured on the Merrill deal and that Bernanke and Paulson’s roles in the deal were not as crystal clear as reports imply.

Meanwhile S&P futures are back into positive territory, while the Dow struggles as shares in IBM fall.

Eur/Usd meanders at 1.3075.