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Wall Street Roundup: Commercial banks up. Wall Street down.

October 20, 2010 |  8:17 am

Commercial banks up. Wells Fargo is the latest big commercial bank to announce improved earnings due to improving credit among consumers.

Wall Street down. Morgan Stanley is the latest investment bank to announce decreased profits due to difficult trading conditions.

One mortgage crisis builds. The FBI and the Obama administration appear to be investigating problems in how the big banks processed foreclosures.

As another one begins. In the wake of a letter from big investors pushing Bank of America to buy back faulty mortgages, analysts are debating how big the damages from this new mortgage controversy might be.

-- Nathaniel Popper in New York