Standard & Poor's announced Tuesday it is cutting the credit ratings of three major European banks: Credit Suisse, Barclays and Deutsche Bank.
The saga relating to Gareth Bale's future has taken a double twist this Wednesday.
The internet entrepreneur who founded Bebo has paid $1m (£660,000) to buy back the social networking site five years after selling it to AOL for $850m.
The executives involved in the scandal surrounding Japanese camera maker Olympus have been given suspended sentences for their role in the accounting fraud.
Leeds United have beaten Aston Villa to the signing of Luke Murphy from Crewe.
It has been a busy start to the transfer window at QPR already this month.
Ian Hannam was investigated and given a final written warning by JP Morgan Cazenove at the same time as the Financial Services Authority was examining his conduct.