Wall Street Roundup: Big Board battle. Revolving door revolves. Banks bailing on the poor.

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 $1,413 per ounce, up 0.8% from Tuesday. Dow Jones industrial average: Trading now at 12,143.11, down 0.6% from Tuesday.

Big Board battle. While the New York Stock Exchange has already announced that it will be purchased by a German competitor, Nasdaq appears to be weighing a rival bid, and traders are betting that it will happen.

Investigating private shares. The new exchanges that facilitate the trading of shares in private companies like Facebook are now coming under investigation by the Securities and Exchange Commission.

Banks bailing on the poor. As banks begin to close branches it appears that the poorest areas of the nation are being hit the hardest.

Trading losses. Deutsche Bank is being punished in South Korea for computerized trades that allegedly caused the stock market there to lose over $26 billion in value.

Revolving door revolves. Former congressman Harold Ford Jr. is being hired by Morgan Stanley, the latest public office-holder to move to Wall Street.

-- Nathaniel Popper