Here's a look at what's news in banking and finance this morning:
- Days after picketing and breaking windows at a Wells Fargo bank, Occupy Oakland protestors deposited $20,000 in ... Wells Fargo. The San Jose Mercury News has the details.
- Bank of America has dropped plans for a program that would allow debit card customers to decide to proceed with a transaction that would put their account in the red and pay a $35 fee, the Boston Globe reports. Without specifically opting in, the transaction would be denied.
- Goldman Sachs and Morgan Stanley are considering accounting changes that could dramatically impact their financial statements, the Wall Street Journal reports.
- Foreclosure activity was the highest in seven months, the AP reports.
- Sweden's treatment of banks should be a model for the world, Bloomberg says.
Take a look at that last story from Bloomberg and tell us what you think. Are stricter standards and tighter regulation the answer for banks?