Tuesday, November 22, 2011

Morning roundup: Regulators warn Bank of America

Here's a look at what's news in business and finance this morning:

  • Regulators have warned Bank of America that it needs to get stronger or face enforcement actions, the Wall Street Journal is reporting.

  • Bank of America is challenging Fannie Mae on its stance on loan buybacks, Bloomberg says.

  • Experts say credit card companies will be the most aggressive they've ever been this holiday season, USA Today reports.

  • More than 200,000 Wall Street jobs have been eliminated this year, according to data Bloomberg has compiled.