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(Image from article: "BofA bolsters compliance after $10.7 billion error")

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BofA bolsters compliance after $10.7 billion error

Bank of America Corp is beefing up its internal accounting controls after it incorrectly classified as much as $10.7 billion in short-term lending and repurchase deals for mortgage securities as sales, according to a letter filed on Friday with U.S. securities regulators.

Regulators eye curbs to slow stock price drops

U.S. securities regulators are considering new curbs to slow stock trades when markets are plunging following Thursday's dramatic sell-off, a person familiar with the matter said on Saturday.

Rep Frank says Goldman case helps financial reform

Representative Barney Frank said on Monday that securities regulators' fraud case against Goldman Sachs increases the chance that financial reform will pass.

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