| S&P to update bank credit ratings within 3 weeks The ratings agency plans to update its ratings for the world’s 30 biggest banks, and analysts suggest that Bank of America, Citigroup and Morgan Stanley may all be looking at downgrades. Germany's secret plans to derail a British referendum on the EUGermany has drawn up secret plans to prevent a British referendum on the overhaul of the European Union amid concerns it could derail the eurozone rescue package, leaked documents obtained by The Daily Telegraph disclose. Click here for the full story UK banks cut periphery eurozone lending Britain’s banks have cut their lending exposure to the eurozone periphery by a quarter in the last three monthS. Click here for the full story CME insists it followed protocol over MF Global accounts
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