Wall Street Roundup: No dividend for you. Don’t mess with Goldman.
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Gold: Trading now at $1,446 per ounce, up 0.6% from Wednesday. Dow Jones industrial average: Trading now at 12,156.82, up 0.6% from Wednesday.
Back where we were. The markets have now made up the value they lost after the earthquake in Japan, underscoring the resilience of the current recovery.
No dividend for you. Bank of America is being forced by the Federal Reserve to rescind the promise of a dividend that the bank held out to shareholders, raising questions about the bank’s health.
Don’t mess with Goldman. A former programmer at Goldman Sachs accused of stealing code from the bank got a longer jail sentence than a man convicted the same day in the attempted rape of a 16-year-old girl. Dave Weidner asks: Why might that be?
Interest rate probe. Many of the largest American banks are being asked to make employees available to testify in a probe of whether banks manipulated an important benchmark interest rate.
Big in Japan. JPMorgan Chase & Co. CEO Jamie Dimon received a hero’s welcome during a short swing through his bank’s offices in Japan.
-- Nathaniel Popper in New York