Here's a look at this morning's banking and finance headlines:
- Moody's Investors Service has placed the ratings of Bank of America, Citigroup, Goldman Sachs and other lenders on review for possible downgrades over questions of their long-term profitability, the Wall Street Journal reports.
- Wall Street might be the main critic of the Volcker Rule, which prohibits banks from trading with their own money, but other companies - including Red Lobster and Macy's - have chimed in with their own objections to the rule, the New York Times writes.
- Reuters columnist Felix Salmon discusses why Bank of America can't tell Merrill brokers what to do.
- Foreclosures are on the rise again after activity froze in 2011, CNBC reports. According to a new report from RealtyTrac, one in every 624 U.S. households received a foreclosure filing in January, up 3 percent from the month before.
- Stocks were little changed this morning amid better-than-expected housing starts and jobless claims, which countered continued concern about Greek debt, Bloomberg reports.
0 comments:
Post a Comment