Wall Street roundup: Have banks won on derivatives? Goldman’s success

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.

New York manufacturing up: Factories in New York increased their output in June, the New York Federal Reserve reported, though the increase was slightly less than analysts expected.

Have banks won? Congress is finalizing one of the most contentious pieces of legislation in the financial reform bill -- regulating the ability of banks to trade derivatives. Some commentators think that the banks have won important parts of the battle.

Goldman’s continuing success: While Goldman’s stock continues to fall under the pressure of relentless negative headlines, the company is continuing to keep its old clients and attract new ones -- most recently, British Petroleum.

Nomura gearing up: The Japanese bank Nomura is making lots of hires in a push to become one of the few big investment banks in the United States.

-- Nathaniel Popper