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.
Tag: Banks
What are Occupy Wall Street’s wins and losses?
Bank fees: Every time you use your Bank of America debit card and don’t pay $5, thank Occupy Wall Street.
Changing the national conversation: Coming out of the summer, the economic debate in Washington was dominated by talk of cutting the deficit — not jobs, not the wealth disparity in America, and certainly not the role of money in politics.
Getting Wall Street’s attention: Perhaps even more impressive is how OWS has seeped into Wall Street’s own conversation. This is partly due to the early attention paid by a few influential financial bloggers, such as bank critic Barry Ritholtz. But bankers were clearly stung by the 1% tag and angered by suggestions they hadn’t earned their bonuses.