Here’s What’s Dragging Down DJIA Bank Stocks

The Dow Jones Industrial Average is up 0.39 percent Friday and currently stands at 13,256. Here’s some news with the Big Banks …

Bank of America Corporation (NYSE:BAC): Charles Alexander will replace Liu Erh Fei as interim chief of Bank of America’s operations in China, according to the Wall Street Journal‘s Deal Journal. Alexander is currently head of Asia Pacific Corporate Banking at Bank of America Merill Lynch.

JPMorgan Chase & Co. (NYSE:JPM) CEO James Dimon has set up a conference between CEOs of four dominant banks and Fed Governor Daniel Tarullo, in which the Fed’s proposal to place limits on net credit exposures between the largest financial firms, will be the subject of discussion, say sources to the Wall Street Journal. Besides Dimon, CEOs from Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), and Morgan Stanley (NYSE:MS) will take part.

Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.

More from The Cheat Sheet