ECB should be the sole authority to decide the fate of ailing banks – Assmussen

ECB board member Jörg Asmussen suggested today at a banking conference in Frankfurt that the central bank should be an exclusive decision-maker as far as to which European banks ceased to be viable and should be wound down.
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US: MBA Mortgage Applications rose 1.3%

The Mortgage Bankers Association has informed that US citizens that applied for mortgage loans rose 1.3% in the week ended on August 30, reverting the previous drop of 2.5%....
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