You’re a naughty bank– you’re naughty!

[via Gizmodo]

From the opening paragraph, the bolded is not what the market wants to hear:

Update: This just in: "Anglo Irish Will Be Split Into Two Banks With Portion Wound Down or Sold." Talk about timely articles. The reason the bank was split is actually explained in a few lines down in this post – an attempt to prevent a run on the bank while in run-off mode. Now, do we get to see what’s under the hood? Cause if we do, expect more splits from a UK bank near you!

[at Reuters] - The head of investor relations for Elevation Partners has jumped ship, signalling the buyout firm co-founded by U2 front man Bono will not be raising more cash in the near future.

Heading towards the last quarter of 2010, we will soon be three years from the start of the global financial crisis. A developed market progress report shows mixed results – stabilization or even small improvements (see discussion here) in some areas, but stagnant conditions in others, particularly unemployment and outlook for debt.

The drug maker is higher after the Food and Drug Administration approves one of its generic drugs, but it is the puts that catch our attention.