Wall Street Roundup: Catching the right crooks. A Dodd-Frank bonanza.
Gold: Trading now at $1,414 per ounce, down 0.1% from Monday. Dow Jones industrial average: Trading now at 11,408.32, up 0.4% from Monday.
Catching the right crooks. The Justice Department on Monday touted a big fraud crackdown, but already many commentators are asking if the numbers given by the department aren't inflated and if the announcement is not a whitewash for the fact that prosecutors have not caught bigger financial fraud.
A kooky khaki buyout. As the big deal to buy J. Crew closes, it is receiving lots of attention for the many ways in which it was handled badly, with secrets held, bids ignored and shareholders left out to dry.
A Dodd-Frank bonanza. Law firms and consultants are preparing for lots of new work as the financial reform bill goes into effect.
Way too big to fail. If you think the banking industry is big in the United States, take a look at this list of countries where banking assets are many times bigger than the national GDP; by comparison, in the U.S. those assets are 82% of GDP.
-- Nathaniel Popper
Photo: J. Crew. Credit: Spencer Platt / Getty Images.