Advertisement

Wall Street Roundup: How banks are really doing, topping the rich list

Share

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 $1,527 per ounce, up 0.2% from Tuesday. Dow Jones industrial average: Trading now at 12,383.42, up 0.2% from Tuesday.

How banks are really doing. A final look at recent bank earnings shows that while the bottom-line profits looked good, the top-line revenues did not, falling for only the second time in 30 years.

Getting serious again. After an investigation of Wall Street banks by state attorneys general appeared to go soft, the attorneys general are again looking to get aggressive.

Advertisement

Topping the rich list. BlackRock Chief Executive Larry Fink -- the son of an L.A. school teacher -- tops Bloomberg’s Wall Street pay charts with his $23.8 million payday.

Cohen speaks. Famed hedge fund magnate Steven Cohen speaks to Vanity Fair as he comes under scrutiny from a number of directions.

Signature line. Wall Street CEOs have become such figures of intrigue that we now look to their handwriting for clues about who they are.

-- Nathaniel Popper

Advertisement