Here's a look at this morning's banking and finance headlines:
- Banks are slower to foreclose on costlier homes, a Wall Street Journal analysis found, meaning high-end homeowners are able to remain in their houses - without making payments - far longer than others.
- The New York Times calls for "important changes" to the Volcker Rule, which limits risky trading practices at banks. Among them: specificity and "clear, stiff penalties" for banks involved in proprietary trading.
- Broadening our definition of money is key to understanding the financial meltdown, CNBC's John Carney writes. Mortgage-backed securities, for instance, were a form of financial system currency.
- JPMorgan Chase & Co. has remained strong because of CEO Jamie Dimon's ability to steer clear of the housing bust - but now the bank, which surpassed Charlotte's Bank of America Corp. last year as the nation's largest lender by assets, appears to be lagging its rivals, Fortune reports.
- U.S. stocks were flat this morning after a steep drop in American durable-goods orders, a sign of weakening confidence in the economic recovery, Bloomberg reports.