Good news, bad news.
The executive team over at Bank of America definitely (well, maybe) has a game plan to turn around the ailing giant.
Here's a few links to some interesting Bloomberg, CNBC, Fox Business, New York Post, New York Times and Reuters stories currently doing the rounds.
In case you missed them, here's last week's top stories.
There's no getting away from it - even on a Friday.
The New York Times reports that at least 16 protesters from Occupy Wall Street were arrested after a 'large group' of demonstrators were said to have marched on the Goldman HQ in Lower Manhattan Thursday.
The Board of Directors of MF Global Holdings Ltd. has announced the resignation of Jon Corzine from all posts at MF Global. Corzine has confirmed that he will not seek severance payments in connection with his resignation.
Groupon’s US$700 million IPO is 2nd largest Internet IPO this Year.
Here's a few links to some interesting Bloomberg and New York Times stories that are currently doing the rounds.
Herve Falciani, who took a trove of data from HSBC that spawned investigations of extensive tax evasion by the bank’s clients, said he also has proof senior managers knew about the practices.
Credit Suisse took a provision of $290m for mortgage-related litigation just days after the U.S. Justice Department fined Morgan Stanley.
Ashish Thakkar, who co-founded African banking venture Atlas Mara along with former Barclays group chief executive, Bob Diamond, says they are planning a major push into mobile banking in Africa, as their aggressive takeover strategy continues.