Wall Street Roundup: AIG’s new bankers. JPMorgan’s military problem.

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

Gold: Trading now at $1,370 per ounce, down 0.1% from Tuesday. Dow Jones industrial average: Trading now at 11,856.71, up 0.2% from Tuesday.

AIG’s new banks. AIG chose the two biggest American banks and Goldman Sachs to manage its upcoming sale of stock, which will allow the insurer to exit government control.

New rules for Wall Street. A powerful committee met Tuesday to set many of the new rules that will govern banks in the wake of the financial reform bill.

Goldman disappointment. Goldman Sachs announced that its earnings were down sharply from last year. It’s not all bad, though. The firm’s chief executive, Lloyd Blankfein, was one of a few chief executives invited to Wednesday’s White House meeting with China’s president.

JPMorgan’s military problem. JPMorgan admitted that it had wrongly foreclosed on a number of members of the military and also overcharged thousands of service members for their mortgages.

--Nathaniel Popper