Wall Street Roundup: Byrd’s death and financial reform. Wall Street hiring

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Banks win on international regulation. Just days after Congress finalized its financial reform bill, international financial leaders at the G-20 meeting in Toronto balked at imposing strong international limits on banks anytime soon.

Byrd’s death and financial reform. The death of Democratic Sen. Robert Byrd of West Virginia raises questions about the passage of the landmark financial regulation bill, which will require every last vote for passage.

Wall Street hiring. As profits have grown, Wall Street firms added employees from February to May of this year, the New York State Department of Labor reported.

BP’s trading desk. The much-maligned energy company BP had a quiet but wildly successful presence in the trading world, but the spill in the Gulf of Mexico is causing problems, the New York Times reports.

Penalty for Goldman. Goldman Sachs is being penalized by a financial regulator for directing its clients to a hedge fund that turned out to be a Ponzi scheme.

-- Nathaniel Popper in New York