The Traderszone Network

Some of Wall Street’s biggest names are licking their wounds as October lives up to its reputation as one of the market’s roughest months. The Standard & Poor’s 500 index  has now lost almost 8 percent in the past three-and-a-half weeks , wiping out almost all of the gains achieved earlier in 2014. What seemed like another good year for investors in U.S. Treasuries, and the risks of big investment losses have risen dramatically.

While Bank of America Corp (BAC.N) Chairman and Chief Executive Brian Moynihan has been working to end legal problems, he has also been quietly retooling the bank for a post-crisis world. Moynihan has also helped reshape the board, and his sway with directors only increased when he became chairman earlier this month, the sources said. Some investors have speculated that once Moynihan, a lawyer by training, was done with legal settlements linked to the 2008-2009 housing and financial crisis, he would head for the exits. Key investors fully support Moynihan as well.

While Bank of America Corp (BAC.N) Chairman and Chief Executive Brian Moynihan has been working to end legal problems, he has also been quietly retooling the bank for a post-crisis world. Moynihan has also helped reshape the board, and his sway with directors only increased when he became chairman earlier this month, the sources said. Some investors have speculated that once Moynihan, a lawyer by training, was done with legal settlements linked to the 2008-2009 housing and financial crisis, he would head for the exits. Key investors fully support Moynihan as well.

Fears over global growth have led to heavy declines in stock indices around the world, but Chinese equities are bucking the trend.

Fears over global growth have led to heavy declines in stock indices around the world, but Chinese equities are bucking the trend.

Asia extended a selloff in global equities on Thursday, as heightened concerns about world economic growth sent Japanese stocks tumbling and U.S. MSCI’s broadest index of Asia-Pacific shares outside Japan extended early losses and was down 0.6 percent while Japan’s Nikkei stock average (.N225) tumbled 2.2 percent and touched a 4-1/2-month low. “It’s clear that people are avoiding risks,” said Takatoshi Itoshima, chief portfolio manager at Commons Asset Management.

Foreclosure activity across the United States declined last month to the lowest level since July 2006, as banks reclaimed fewer homes, according to a report released on Thursday. RealtyTrac, which tracks …