Bank of America Corp (BAC)

[enlightened1]

FROM LONDON UK

That is where I am based. Some main features over here on the banking scene in the newspapers today

RBS (Royal Bank of Scotland) to cut balance sheet by 25%
Strategy to return bank to private sector [b/]

• FTSE recovers poise as banks rebound• Thousands of RBS jobs to go in shake-up• In depth UK banks• RBS to pay bonuses worth up to £950m • RBS slims down board in break from the past• RBS scraps sale of UK insurance operationsFromCompanies11:05AM
Citi presses US to take 40% stake
Move would stop short of nationalisation

• On Wall Street Nationalisation is most likely way out of US banking mess• Fears for BofA and Citi rattle markets• In depth US banksFromUK9:28AM
Northern Rock to lend £14bn to revive struggling housing market
Government earmarks fresh money