Marek Belka, Poland's Central Bank Governor, had urged local banks to find opportunities through purchase of local rivals that are owned by foreign banks.

Reuters columnist Allison Schrager said one of the reasons why the US Federal Reserve did not manage the recession as well as it should is the nation's aging population.

Hugo Dixon said the Euro zone needed macroprudential and counter-cyclical fiscal policies to mitigate the results of their single monetary policy.

A draft bankruptcy plan is in the works for the city of Stockton and its bond creditors and other insurers.

The South Korean technology firm Samsung offered to settle with the EU Competition Commission as to the patent lawsuits currently being investigated.

A source told Reuters that US Federal Reserve Vice Chair Janet Yellen was still the top choice to succeed Chairman Ben Bernanke in January.

A US regulator filed a case against Morgan Stanley and eight other lenders for selling faulty securities to two credit unions.

Compared to JPMorgan Chase, Citigroup's legal costs would easily reach USD5 billion. The next US bank primed for legal and regulatory scrutiny would be Citigroup Inc.

The CFTC warned that all buyers must be allowed to participate and operations need to be transparent as required by the Dodd-Frank Act.

Arkansas is the first of many states in the US that would receive funds for Medicaid expansion under Obamacare.