Market Watch – WSJ
By Devlin Barrett and Christina Rexrode
Bank of America Corp. met with the Justice Department in Washington on Tuesday to negotiate a possible mortgage-securities settlement, according to people familiar with the matter.
Read the full story at: www.marketwatch.com/ link to original article
John Ward – The Economic World Is Much Closer To The Edge Than The Commentariat Realises – 13 March 2012
Ben Bernanke has once again said “No QE for now, but we are not out of the woods”. Observers need to wise up to the fact that this is a man who knows he must hold his fire, for far worse is coming.
Despite this, JP Morgan and Bank of America seem to have passed the Federal Reserve’s stress tests. JPM I can get behind, but BoA? Stress tests, I increasingly believe, are so-called because they are primarily designed to reduce global investor stress. Continue reading →
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