The brokerage cut its price target on BofA to $8 from $9, on Goldman Sachs to $110 from $145, on JP Morgan Chase & Co to $43 from $45, and on Morgan Stanley to $16 from $20.
In 2012’s second half, investors will face “a rocky road” compared with the year’s first few months, with the potential “fiscal cliff” in the U.S. as well as Europe’s ongoing turmoil both posing risk to a still we
In this Perspective Ruth Lea, Economic Adviser to the Arbuthnot Banking Group, discusses the latest developments in the Eurozone and the actions of the British Authorities to stimulate the British economy and prepare for, in Sir Mervyn King’s words,
As the summer of sport continues with Wimbledon and the thoughts of hopeful executives turn to corporate hospitality, budget holders might wish to consider the full cost of the swing tags, dining vouchers and ground passes that they hand out. What is the
He said that the austerity measures currently in place were insufficient as there had to be a "balance between austerity and growth", and that the focus should be on "fiscal discipline", not austerity alone.