Comment on The brutal cull on Wall Street (probably) isn't finished

The brutal cull on Wall Street (probably) isn't finished

Reuters/Russell CheyneThe narrative for Wall Street bank performance is pretty well established at this point. January and February were awful. March was a bit better, but first-quarter results were still lousy. April seems to have been more like March than February, with an improvement in trading conditions, a reopening of the capital markets, and a resurgence in mergers-and-acquisitions activity. That now has Wall Street on a knife edge.

 

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