A Couple of Pieces of Banking News

[Parsad]

SEC has closed enforcement action on WFC...so nothing is going to happen.  BAC seems to be in talks to sell 49% of their Japanese asset management business to Mitsubishi.

 

http://wallstcheatsheet.com/stocks/sec-clears-wells-fargo-mitsubishi-in-talks-for-bofa-merrill-lynch-financial-business-update.html/

 

Article on U.S. large bank capital ratios.  Cheers!

 

http://finance.yahoo.com/blogs/the-exchange/despite-basel-iii-higher-bank-capital-no-silver-000008264.html;_ylt=AqYPpfxc5b2PKKFGzJkWRMKiuYdG;_ylu=X3oDMTRiYTM3Y3NmBG1pdANGUCBDb21tZW50YXJ5IGFuZCBBbmFseXNpcwRwa2cDOWJmOWMzMGEtMmE5Ny0zMDdiLWEzOTYtZTVlMGQxNzQ1Yzk0BHBvcwMxBHNlYwNNZWRpYVNlY3Rpb25MaXN0BHZlcgM4N2U0ZTk2OC0zYTE5LTExZTItOWZhZC0zY2Q5MmJmZjIwMTY-;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3