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Bank of America 7, Morgan Stanley 12

Morgan Stanley HQ

Bank of America traders lost money on seven days during the second quarter, including $54m on one of them, ending the perfect streak of gains set during the first three months of the year.

IPO market heats up...even in August

Thumbs Up At Desk

August is traditionally deadsville for equity trading, but it's particularly dead for the IPO business. Everyone shuts down until September. Not this year. Next week the IPO calendar is packed.

What recession ? Brits are feeling more confident

British Seaside

Britons are feeling more upbeat about their job prospects than they have for five years, according to new research, which follows a raft of positive economic data boosting hopes the country's economic recovery is here to stay.