Wednesday, August 17, 2011

Banks: Getting Smashed Again


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The Dow is off 100, And all 10 S&P sectors are down today.

The worst sector is the financials, which is off over 2%.

All your old troublemakers are showing up.

Meanwhile in Bank of America news, there's a report that the garage sale is continuing.

The FT reported (via the Bloomberg Terminal, no link available yet) that it's in talks to sell some Merrill assets to Blackstone.

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Source: http://feedproxy.google.com/~r/TheMoneyGame/~3/ABMmO4nGEq0/banks-declining-by-22-2011-8

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