Financial Biz Roundup: Brian Moynihan Dodges MBIA Lawsuit, Google Brings London Stock Exchange Into the Future

The Cheat Sheet

A European lending shortage is being made worse by the central banks’ meager yields, which are squeezing bank profits. Top European banks are now stockpiling money at central banks around the world, to the tune of $816 billion, up roughly 50% for the year.

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A request has been filed with a New York state court that would block the deposition of Bank of America CEO Brian Moynihan in a lawsuit filed by MBIA, which alleges fraud by BofA headache Countrywide Financial.

While stock trade data from the London and Italian bourses have until now only been available with a 15-minute delay, the London Stock Exchange is signing a data licensing agreement with Google allowing it to distribute real-time data free of charge.

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To contact the reporter on this story: Mark Lawson at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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