Profit falls at Bank of America

Goldman Sachs sees profits fall
Goldman Sachs reports a 70% fall in quarterly profit, avoiding the meltdown sustained by some of its rivals.

Merrill Lynch sold in $50bn deal
Merrill Lynch is sold to Bank of America in a $50bn deal amid a hectic weekend of activity on Wall Street.

US retail sales decline in August
US retail sales fall unexpectedly in August, the second monthly decline in a row, increasing concerns about the US economy.

Postbank shares up on sale hopes
Shares in German retail bank Postbank rebound on hopes that a sale of a stake in the firm could be announced later.

US home sales 'decline in July'
Pending sales of US homes fell more than expected in July, as the housing market continues to struggle, says the main estate agency trade body.