What Fall Brings for Wall Street’s Banks

What Fall Brings for Wall Street's Banks

 

The nation's biggest banks enjoyed a brief respite from torment this August as Congress adjourned. The fall, however, will be a major test: The gifts that banks received in the first half of the year, including a boom in fixed-income trading and several asset sales that boosted profits, will likely slow in the second half of the year. In addition, Congress is examining legislation on everything from regulating commodities and derivatives trading to reining in bonuses. Let's take a look at where the major banks stand....

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