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.