A pick-up in trading revenue in the first quarter of 2012 disguises a chilling future for investment banks who need to drastically cull their business under new regulation.
Category: Money
Investors lose a trillion dollars in one day
EW YORK (CNNMoney) — Investors lost a trillion dollars in the in the stock market Monday as the debt crisis in Europe, lackluster economic news and a downgrade to the U.S. credit rating spark fears of a double-dip recession.
The Wilshire 5000 Total Market Index, the broadest index of U.S. stocks, lost 891.93 points, or just over 7%, Monday. This represents a paper loss for the day of approximately $1.0 trillion.
UAE to get tough with cash flows
This gallery contains 0 photos →
Dubai means Business
This gallery contains 3 photos →
10 Stocks off to a Good Year
This gallery contains 1 photo →