UPDATE: UBS Brings Back Former CEO And The €5m Trade That Tanked Markets

Your morning briefing. The news you need in just 15 minutes.

On today's podcast:
(1) UBS rehires Sergio Ermotti as CEO to oversee the Credit Suisse takeover.

(2) US Financial officials outline plans for a raft of regulatory changes.

(3) Markets are probing banks for weakness according to the BOE's Bailey.

(4) Regulators believe a €5m Deutsche Bank trade triggered Friday's global rout.

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