BOSTON ( TheStreet) -- Bank of America ( BAC) and Goldman Sachs ( GS) are stronger than ever after the government gave big banks favorable treatment during the credit crisis. A consumer movement is eroding that support.
The software will run at BofA locations, but will use Oracle's people and hardware, and implement the same underlying technology as Oracle's cloud-based ERP.
Once millennials get in on an upward trend, count on the market to head in the opposite direction.
It's a classic example of headline risk on a topic Wall Street would prefer to avoid.
Richard Cordray, the first director of the Consumer Financial Protection Board, has taken an aggressive tack. Now, it may be doing its job too well.