(1) Citigroup, having bravely waded in to rescue Wachovia*, might have considered it a good thing that Wells Gargo outbid them and agreed a deal with the Wachovia board. But no. They went to court to compel their target to resume negotiations - and so Citi might actually get into a bidding war

(2) Iceland, a country that has fewer working-age adults than some second division football clubs have fans is teetering on the brink of economic and currency collapse thanks to its three main banks that have total assets of around EUROS 93bn - about 10 times the country's GDP.

(3) The demand for business jets is expected to reach a record high this year of 1,200, up 15%, then climb further to 1,300 next year.

(4) Axel Miller, CEO of the bank, Dexia, that was rescued by the French, Belgian and Luxembourg governments last week, says he will not seek a golden parachute.

(5) Now that Capitol Hill secured an increase in the level of deposit insurance from $100,000 to $250,000, the US Federal Deposit Insurance Corp is guaranteeing bank account balances worth $4.5 trillion - or more than six times the amount of money that Treasury secretary Hank Paulson asked for in the first place.

* How upset were we when we found out recently how this bank is actually pronounced. We'd long thought 'Wachovia' was a great name for a bank, because they 'Watch over yer' money. Sadly, it's not 'watch' but 'walk'. Such is life.