War of words: Ulrich Cartellieri, a main board director of Deutsche Bank, blamed the German Bundesbank for the September EMS meltdown last week. His comments followed those made by Bundesbank president Helmut Schlesinger, attributing the currency turmoil to market speculators.

P.S. George Soros, whose Quantum Fund made almost $1 billion speculating in the currency markets in September, is donating $100 million to scientific development in Russia.

Will Mexican banks be the next Japanese banks?

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