Wednesday, December 28, 2011

Morning roundup: A case for Dodd-Frank?

Here's a look at this morning's banking and finance news:

  • Despite the criticism of Dodd-Frank - and some burdensome rules that come with it - the financial reform law contains an "elegant core of sensible ideas," a Bloomberg editorial says.

  • Gold has been one of the year's best investments. But shares of gold miners are down, and that's hurt some of the biggest names on Wall Street, the Wall Street Journal reports.

  • Analysts are still bullish on Bank of America: Seeking Alpha rates the Charlotte bank a "buy," saying it could benefit a diversified long-term investor.

  • An arm of the Pew Charitable Trusts has created an interactive feature called "Transaction Infraction" to illustrate how the way a bank processes transactions affects customers' fees. The New York Times' Bucks blog explains.

  • Stock futures pointed to a higher open this morning, but many investors are waiting until the new year to make big bets, Reuters reports.