Wall Street

AP Photo/Mike Groll, File

Profits on Wall Street rose in the first half of the year, making 2015 so far the most profitable year since the Great Recession.

For the first half of this year, state officials found that, even though the market was flat, Wall Street profits rose 29 percent compared to this time last year. Officials attribute most of the boon to a decrease in legal fees related to recession-related wrongdoing. New York Comptroller Tom DiNapoli said Wall Street also added jobs.

AP Photo/Richard Drew

A new survey finds that Wall Street bonuses this year will be flat despite strong gains in the stock market.

This comes as hundreds of new rules take effect pushing the industry away from making risky bets.

In the past those risky bets led to big profits and big bonuses. But the Dodd-Frank Wall Street Reform Act introduced rules requiring banks to keep more cash on hand and curb the kinds of complicated trading that led to the financial collapse in 2008.

Charles Lane

New York Attorney General Eric Schneiderman says he's reached a deal with 18 investment banks to halt what he calls Insider Trading 2.0.  This is the latest in an ongoing investigation over something that isn't exactly illegal.