Fired Bond Traders Stung Anew as Bank Profits Soar Without Them

October 19, 2016 6:16 PM

1 0

To the thousands of traders and salespeople who’ve lost their jobs since the financial crisis, Wall Street has a message: We’re doing OK without you.

The five biggest U.S. investment banks reaped $20.7 billion in revenue from bond and stock trading in the third quarter, the most for the typically slow summer period since 2009. The gains came even after the world’s 10 biggest firms, including European banks that haven’t yet reported third-quarter ...

Also read: Morgan Stanley positioned for Fed-fueled liftoff

Read more

To category page