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BofAs Consumer And Real Estate Woes – US-FOREX.US
Paul Miller of FBR Capital Markets expects strong top-line numbers from Bank of America on Friday, especially coming out of Merrill Lynch. “It was much more active in the second quarter,” Miller said. “Trading revenue from Goldman Sachs and JPMorgan Chase were strong, and I don’t expect anything different from BofA.”On average, Wall Street analysts… »
Americans Now Pariahs Of Foreign Banks – US-FOREX.US
Move over Iran and North Korea: Americans are the new outcasts of banking. Swiss and other European banks have begun distancing themselves from American clients in the wake of UBS’ spat with U.S. tax authorities, either by closing existing accounts or rejecting new applications.Banks, particularly smaller Swiss ones, are “actively closing” accounts of Americans resident… »