Uploaded by FinancialNewsOnline on Mar 23, 2012
This is what's in the news for Friday
March 23, 2012. The Wall Street Journal reports the SEC is examining
whether some sophisticated, rapid-fire trading firms have used their
ties to computerized stock exchanges to gain an unfair advantage over
other investors, sources say. The Wall Street Journal also reports Bank
of America (NYSE:BAC) will test allowing homeowners at risk of
foreclosure to turn over deeds to their houses and sign leases that will
let them rent the houses back from the bank at a market rate.
Bloomberg reports Federal Reserve Bank of St. Louis President James
Bullard says U.S. monetary policy may be at a turning point and a Fed
interest rate increase could come as soon as late 2013. Reuters reports
Saudi Arabia will be able to pump enough oil to make up for any loss of
Iranian output caused by Western sanctions, according to the head of
the International Energy Agency.
No comments:
Post a Comment