Updated throughout the day.

The European Banking Authority may not be able to use one standard to audit EU banks which means the process will be done nation by nation (WSJ)

A deal to merge Sprint-Nextel (NYSE: S) with Deutsche Telekom’s US T-Mobile unit may fall apart on the value of the smaller company’s operations (WSJ)

ING will sell its ING Direct business in the US (NYPost)

Douglas A. McIntyre