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Wall Street Roundup: Wells Fargo goes it alone. Missing from CEO meeting.

December 15, 2010 |  9:15 am

Gold: Trading now at $1,389 per ounce, down 1.1% from Tuesday. Dow Jones industrial average: Trading now at 11,506.52, up 0.3% from Tuesday.

Divisions on Wall Street report. The commission tasked with writing a report about the financial crisis looks to be divided and set to release two conflicting reports instead of anything like the unified work of art released by the 9/11 commission.  Getprev

Missing from CEO meeting. Only one Wall Street representative will be attending President Obama's meeting with business CEOs today, and it is an odd one: UBS executive Richard Wolf.

Maybe it's the clothes. Speaking of UBS, the bank is out with a new dress code for its bankers as it tries to regain its reputation after the financial crisis; consider "a skin cream that consists of nourishing and soothing elements."

Still partying. While businesses are cutting back on holiday parties, a few Wall Street firms are going ahead with low-key events -- here's the rundown.

Wells Fargo goes it alone. San Francisco-based Wells Fargo appears to be the only big bank that is advocating for banks to hold more of the mortgages they sell, in order to promote more careful lending.

A rich debate. An essay by a university economist has sparked a vigorous debate about how bankers got so much richer than everyone else.

-- Nathaniel Popper

Photo: UBS executive Robert Wolf. Credit: Bloomberg / Joshua Roberts.

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