Industries: Finance & Economy News

Ticker	Volume	Price	Price Delta
Dow	11,284.50	+134.72	1.21%
S&P; 500	1,176.80	+17.53	1.51%
Nasdaq	2,479.85	+60.22	2.49%

Ticker	Volume	Price	Price Delta
STOXX 50	2,190.44	-26.26	-1.18%
FTSE 100	5,129.92	-1.18	-0.02%
DAX	5,537.48	-46.66	-0.84%

Ticker	Volume	Price	Price Delta
Nikkei	8,797.78	+25.42	0.29%
TOPIX	756.07	+4.25	0.57%
Hang Seng	19,582.90	-169.60	-0.86%

Banks Decry Surcharges as Basel Plans Capital ‘Punishment’ for Size, Risk

Global banks are launching a counterattack against new capital guidelines that threaten to cap their growth or force them to shrink as domestic and global regulations redefine the financial system.
U.S. Banks Said to Seek Relief on Ratios, FDIC Fees After Rush of Deposits

U.S. regulators have asked some banks to take more deposits from large investors even if it’s unprofitable, and lenders in return are seeking relief on insurance premiums and leverage ratios, according to six people with knowledge of the talks.
Buffett’s BofA Investment Is Latest to Capitalize on Wall Street Weakness

Berkshire Hathaway Inc.’s $5 billion investment in Bank of America Corp. is Chief Executive Officer Warren Buffett’s latest attempt to capitalize on weakness at one of Wall Street’s biggest firms.
Russia’s VTB, RenCap Add Investment Bankers as Global Competitors Retreat

Russian investment banks VTB Capital, Renaissance Capital and Otkritie Capital are increasing headcount this year by as much as 38 percent and expanding abroad as global firms such as HSBC Holdings Plc and Goldman Sachs Group Inc. eliminate jobs.

Financial Services ETFs