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Forex News and Rumors

Bank of America Reports Earnings

Hard on the heels of JPMorgan Chase and Goldman Sachs reporting better-than-expected quarterly earnings, Bank of America claimed a $2.42 billion second-quarter profit. More [1]

US Housing Starts on the Rise

Housing starts in the US rose by 3.6 percent in June to an annual rate of 582,000. More [2]

UK Moves to Limit Bank Executive Pay

British Prime Minister Gordon Brown has won more support for a plan to limit banks to withdraw half the bonuses of top executive for the next five years. More [3]

Fed Balance Sheet Breaks $2 Trillion

The US Federal Reserve’s balance sheet – seen as an indication of the Bank’s lending to commercial banking system – surpassed the $2 trillion mark in July. More [4]

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Scott Boyd

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