Trading in Bank of America's shares was temporarily suspended, and the bank, one of the country's biggest, issued a statement crafted to reassure.
Among the largest underlying components of KBE, in trading today Bank of America Corp. ( NYSE: BAC) is down about 0.2%, Zions Bancorporation ( NASD: ZION) is off about 1%, and TCF Financial Corp. ( NYSE: TCB) is lower by about 0.6%.
Among the largest underlying components of IWD, in trading today Bank of America Corp. ( NYSE: BAC) is up about 3.5%, Kraft Foods, Inc. ( NYSE: KFT) is up about 1.1%, and Occidental Petroleum Corp ( NYSE: OXY) is higher by about 2.2%.
Among the largest underlying components of XLF, in trading today Bank of America Corp. ( NYSE: BAC) is up about 2.4%, American Express Co. ( NYSE: AXP) is up about 1.6%, and Capital One Financial Corp ( NYSE: COF) is higher by about 0.5%.
Among the largest underlying components of IYG, in trading today Bank of America Corp. ( NYSE: BAC) is down about 0.6%, Visa Inc ( NYSE: V) is down about 1.4%, and American Express Co. ( NYSE: AXP) is lower by about 2.5%.
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Revenue at the equities division of the investment bank tumbled by half in the first quarter, compared with the same period in 2007, but much of the fall can be put down to reduced levels of proprietary trading as the bank pegged back its trading limits.
In Thursday trading, First Republic Bank shares are currently trading flat on the day.
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In Monday trading, Mercantile Bank Corp. shares are currently down about 0.7% on the day.
In Friday trading, Royal Bank of Canada shares are currently up about 0.3% on the day.
In Friday trading, Royal Bank of Canada shares are currently off about 0.5% on the day.
Banks are navigating new government regulations that have crimped some old sources of revenue, like issuing credit cards to students or trading for the bank's own profit.
Among the largest underlying components of KRE, in trading today Community Bank Systems Incorporated ( CBU) is flat, and SVB Financial Group ( SIVB) is higher by about 1.8%.
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Among the largest underlying components of KRE, in trading today Community Bank Systems ( CBU) is off about 1.1%, and SVB Financial Group ( SIVB) is lower by about 1.3%.
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All banks have until 2014 to comply but Goldman and JP Morgan already shut down some of their proprietary trading desks while Bank of America laid off a third of its prop traders.
Among the largest underlying components of ACWX, in trading today HDFC Bank Ltd ( NYSE: HDB) is up about 0.4%, ICICI Bank Ltd ( NYSE: IBN) is up about 1.3%, and Infosys Ltd. ( NASD: INFY) is up by about 0.6%.
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Among the largest underlying components of ACWX, in trading today HDFC Bank Ltd ( NYSE: HDB) is down about 0.8%, ICICI Bank Ltd ( NYSE: IBN) is off about 0.1%, and BanColombia, S.A. ( NYSE: CIB) is up by about 0.1%.
Among the largest underlying components of AAXJ, in trading today HDFC Bank Ltd ( NYSE: HDB) is up about 2.1%, Infosys Ltd. ( NASD: INFY) is up about 1.5%, and ICICI Bank Ltd ( NYSE: IBN) is higher by about 0.1%.
Among the largest underlying components of DGS, in trading today Barclays Bank Plc ( AMEX: INP) is off about 0.8%, IRSA Inversiones y Representaciones S.A. ( NYSE: IRS) is off about 1.3%, and Telecom Argentina SA ( NYSE: TEO) is lower by about 1.1%.
"Expectations of bank support now are getting priced into the market, " said the head of European sovereign-bond trading at a global bank.
This is partly because the titans can afford the best trading systems, but also because a bank with a large share of trading has the liquidity that further increases its attractiveness as a trading counterparty.
Frank Lesh, broker and futures analyst with FuturePath Trading, said central bank action is important.
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To fill its future trading ranks, the bank selects 1, 200 applicants to play "Fantasy Futures" right from their college dorms.
The Woolwich, a former building society, was recently bought by Barclays Bank and trading in its shares will cease on Tuesday.
Aside from ill-advised dealings like issuing WorldCom debt and late-trading shenanigans with the bank's Columbia mutual funds, he has deftly avoided trouble.
The bank said trading conditions have substantially deteriorated in the third quarter versus the second, and spreads on mortgage-backed securities and loans have widened sharply.
This week a subordinated bond issued by Sakura Bank was trading at a whopping seven percentage points over Libor, the rate at which the healthiest banks borrow.
The Egyptian pound hit a new low on Sunday of about 6.30 to the US dollar in unofficial trading after the central bank introduced a new currency regime, dealers told Reuters.
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