Friday, November 25, 2011

Morning roundup: Banks to suspend some foreclosure activity for the holidays

We hope everyone had a great Thanksgiving. Things are a little slow because of the holiday, but here's some banking and finance news:

  • Banks say they are suspending some foreclosure activity and evictions around the holidays, the San Francisco Chronicle says.

  • The cap on swipe fees on debit transactions hasn't paid off for some small merchants as they had hoped, the Wall Street Journal reports.

  • Bank of America Merrill Lynch analysts told their clients in a research note that a breakup of the euro zone is a possibility, which would bring significant shocks to the market, Dow Jones Newswires reports.

  • Wells Fargo angered the city of Asheville when it cut down a treasured cypress oak, the Citizen-Times reports. The bank might make restitution.