Two students from a school in Dallas were suspended after one of the girls tried to save the other’s life by sharing her asthma inhaler. The two 7th grade girls attending Schrade Middle School in Garland, Texas, are now facing up to 30 days in alternative school. The school says it was an automatic decision when a controlled substance is involved. RT reports: Earlier in the week, 12-year-old Indiyah Rush offered her classmate, Alexis Kyle, 13, who has asthma, her inhaler when she saw her wheezing and gasping during gym class at Vernon Schrade Middle School in Dallas.

Over the weekend, we gave the Dallas Fed a chance to respond to a Zero Hedge story corroborated by at least two independent sources, in which we reported that Federal Reserve members had met with bank lenders with extensive exposure to the US oil and gas sector and, after parsing through the complete bank books, had advised banks to i) not urge creditor counterparties into default, ii) urge asset sales instead, and iii) ultimately suspend mark to market in distressed instances.

David Cameron has defended Britain’s alliance with Saudi Arabia and British support for the controversial Saudi-led air-strike campaign in Yemen. The British prime minister also dismissed concerns that funding for ISIS came from the Riyadh. The Saudi Arabian ambassador to the UK slammed the Labour leader Jeremy Corbyn last month for raising the allegations. RT reports: Speaking to BBC Radio 4’s Today program on Monday, the Prime Minister defended UK’s arms exports to the oil-rich autocracy and said that the UK carefully monitors how the Saudis use British-made weapons.

Italian bank stocks are crashing (with BMPS down 40% year-to-date) as Reuters reports that investors are growing increasingly nervous about how the sector will cope with lower interest rates and a 200 billion euro ($218 billion) pile of loans that are unlikely to be repaid.

Tennis star and world number one, Novak Djokovic, talks about match-fixing at day one of the Australian Open. There are allegations that tennis authorities have failed to deal with widespread match-fixing. During a tournament in St. Petersburg in 2007, Djokovic’s team were offered to throw a match for £154,000 (Note: some reports indicate the amount to be £110,000) The 28-year-old winner of ten Grand Slam titles believes that match-fixing at the top end of the game is not such a big problem nowadays. “It’s just speculation,” Djokovic said.