Wall Street Roundup: Citi's missed chance. Greater than the greatest trade ever.
Gold: Trading now at $1,320 per ounce, unchanged from Thursday. Dow Jones industrial average: Trading now at 11,978.50, down 0.1% from Thursday.
Citi's missed chance. The financial crisis report out Thursday suggested that Citigroup ignored warnings from regulators that they were taking too much risk.
The lone survivor. The commissioners concluded that JPMorgan Chase & Co. was the only big financial institution that could have survived the crisis without help, vindicating a rant Thursday by the bank's CEO, Jamie Dimon, telling reporters not to uniformly bash all banks.
Shifting the risk. Deutsche Bank's leader became the second major bank CEO to argue at Davos that new bank regulations could shift the most risky activities to hedge funds and other lightly regulated investment vehicles.
Greater than the greatest trade ever. John Paulson, who made billions betting against subprime mortgages, made even more last year betting on the recovery of banks, among other things.
Why Goldman fights on. Fortune takes a long look at the Goldman Sachs culture that helps it bounce back from all the punches it has taken over the last few years.
Risky business. Demi Moore talked about taking on the role of chief risk officer in a Wall Street flick that debuted this week at Sundance.
-- Nathaniel Popper
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