Wall Street Roundup: Insider-trading revelations, banks in Basel trouble?
Gold: Trading now at $1,355 per ounce, up 0.1% from Friday. Dow Jones industrial average: Trading now at 11,106.98, down 0.9% from Friday.
Inside insider trading. The Wall Street Journal lifted the veil on a massive insider-trading investigation over the weekend. Monday brought a look at the prosecutor leading the charge and at the banker who may have helped them.
Questioning the fundamentals. The New Yorker's John Cassidy has a big article questioning the reason for Wall Street's existence.
Banks in Basel trouble? Contrary to prior indications, a new report from Barclays Capital suggests that America's biggest banks may be way under the capital limits set by the recent Basel III accords, and could be forced to make big changes.
-- Nathaniel Popper
Photo: The news in Ireland. Credit: Enda Doran / EPA