Here's what's happening in banking and finance news this morning:
- Bank of America had trading losses on 20 days in the third quarter, led by a $119 million drop on one day, the biggest since 2008, Bloomberg reports.
- One analyst says issuing new common shares would do little to address a $45 billion capital shortfall at Bank of America, according to TheStreet.com.
- Banks' decision to back off debit fees seems like a win for consumers - but it might just encourage a less transparent way for banks to find new revenue, Fortune writes.
- The Motley Fool's Rick Aristotle Munarriz discusses why Bank of America "will always be the one that gets skewered" when times get tough.
- MF Global might have disguised its debt levels to investors for the past two years, the Wall Street Journal reports.
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