Bank of America Corp BAC shares week Review july 6 2012

Bank of America Corp BAC shares week Review july 6 2012 : Bank of America Corporation (NYSE:BAC): New derivatives regulations were unanimously passed by the Commodity Futures Trading Commission on Friday, that will impact the foreign operations of American banks, according to The New York Times on Friday night. Overseas banks that carry out significant derivatives trading in the U.S., would also be affected by the rules that, among other measures, would introduce new standards for capital.

Bank of America Corporation (NYSE:BAC): Growing private consumption numbers and also spending on rebuilding from last year’s earthquake, prompted The Bank of Japan on Thursday to upgrade its assessment for all nine regions of the economy, according to Reuters. This is the first such move in around three years; the Bank is expected to leave monetary settings unchanged next week.

Bank of America Corporation (NYSE:BAC) and J.P.Morgan Chase (NYSE:JPM) shares both declined more than 3 percent on Thursday, as measures by central bankers to prime the world economy didn’t quite take with investors. Financial stocks were at the bottom of the S&P 500′s ten sectors, as hopes for the U.S. jobs report were also insufficient to prop up the shares.

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