The US Federal Reserve issued new Stress Test rules for American banks; they include proof of their ability to withstand a severe financial shock similar to the scale of 2008 but with the addition of a meltdown in Europe.

Several well-known UK personalities appeared before the Leveson Inquiry into the “culture, practices and ethics” of the press to give evidence of the harrassment they had experienced at the hands of tabloid editors, reporters and photographers.

James Murdoch stepped down from the boards of News Corporation's UK newspapers but remained as the chairman of Murdoch's News International.

Saif al-Islam Gaddafi, son and heir of the late Libyan leader Muammar Gaddafi, was captured in southern Libya. Discussion took place between Libya's interim government and the International Criminal Court about which charges he should face and whether in Libya or The Hague.


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