DealBook: Facebook Shares Slump on Second Day

After a gain of more than 10 percent at the start, the stock drifted back to the offering price, then rose again.

It's time for another roundup on Spain. Every day is time for another roundup on Spain. Today's report is on bad loans, and complete foolishness at Bankia buying its own shares hoping to stabilize its price. Spanish Bad-Loans Ratio Hits 8.37 Percent The Wall Street Journal reports Spanish Bad-Loans Ratio Hits 17-Year High

Shares in New Oriental Education and Technology slump for the second day running after a research group claimed its accounts were fraudulent.

T. Rowe Price has made several recent investments in social media companies, including Facebook and Zynga, according to recent filings.The value of its Facebook investments, made through various funds, totals $190.5 million, according to calculations made by DealBook.

Frederic Ruffy submits: Stocks are broadly higher late Monday. With no economic data or earnings to guide the morning action, the early focus was on the financials after regulators met over the weekend in Basel, Switzerland, to discuss capital ratios. Officials decided banks should increase capital over the next eight years or so and that was not as strict as some market watchers had feared. Consequently, a relief rally lifted the banks.