Wall Street Roundup: Mixed bank results. Hedge-fund deception.

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Good housing numbers. The number of homes that builders began construction on last month rose unexpectedly to a five-month high.

Mixed bank results. Bank of America announced big losses but actually appeared to be doing well. Goldman Sachs beat expectations but saw its revenues sink.

Hedge-fund deception. A judge has determined that a hedge fund that maintained it was run by women was, in reality, controlled by a man.

Wall Street regrets. Felix Rohatyn, one of Wall Street’s most respected executives, looks back on a long career with some regret about what has become of his industry.

-- Nathaniel Popper