Bad Bank

On Monday, the Bank of Spain announced the much anticipated bad bank plan to buy up distressed real estate assets from the banks that are deemed toxic in hopes of boosting capital levels. However, the plan looks set to cause the banks to be forced to take large write-downs on assets, which will...

U.S. equity futures fell in early Monday trading as Hurricane Sandy forced the New York Stock Exchange and the NASDAQ Exchange to close due to weather for the first time in 27 years. The storm threatens the entire Eastern seaboard and will dump rain from Maine to Delaware. Top News In other news...