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Cordray's Confirmation; Barclays' Latest Fine; NSA's Idea of Bank Virus Protection

Breaking News This Morning ... BAC Earnings: Bank of America's profit rose 63% in the second quarter, due largely to strong trading revenue and cost-cutting. Wall Street Journal, New York Times, American Banker More Earnings: PNC Financial Services; U.S. Bancorp Receiving Wide Coverage ... Confirmed: Richard Cordray was confirmed yesterday as director of the Consumer Financial Protection Bureau, after Senate Republicans agreed not to block his nomination as part of last-minute compromise over President Obama's executive nominees. The compromise…

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