Bank losses shame disgruntled Swiss – BBC News
Starbucks cuts 1,000 jobs, COO post and retreats from Australia – Financial Post
Santander revenues rise 16% – FT
Australia faces worse crisis than America – Ambrose Evans-Pritchard, Telegraph
Banks pressed to follow Merrill debt sale – FT (Citigroup and UBS face the same as Merrill)
Merrill Sells $8.55 Billion of Stock, Unloads CDOs – Bloomberg
Argentina’s Fernandez Popularity Falls to Record Low – Bloomberg
New Zealand’s Guardian Mortgage Fund Suspends Withdrawals – Bloomberg
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