Wall Street Roundup: Giants at the top. Dudley goes to Queens.

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Gold: Trading now at $1,437 per ounce, up 0.1% from Thursday. Dow Jones industrial average: Trading now at 12,232.50, up 0.5% from Thursday.

Giants at the top. New bank rankings are out, and the top four banks -- led by Bank of America and JPMorgan Chase & Co. -- still hold significantly more in deposits than the next 46 largest banks combined.

Off to a good start. Mergers and acquisition activity is off to its strongest start since 2007.

Dudley goes to Queens. A tale in which the head of the New York Federal Reserve, Bill Dudley, tries to explain inflation to ordinary folks in Queens by pointing to the price of iPads.

Working nights and weekends. A managing director at the second-biggest investment bank, Morgan Stanley, has an unlikely second career as a solo gospel artist, and she is just out with her third album, ‘Joy is Waiting.’

-- Nathaniel Popper in New York

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