Wall Street

Despite market rebound, profits scant
6:57 pm
Mon November 10, 2014

Wall Street Bonuses Will Be Flat This Year

Trader Sean Spain works on the floor of the New York Stock Exchange, Monday, June 24, 2013.
Credit 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.

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Not illegal, but "unfair"
5:18 pm
Wed February 26, 2014

Schneiderman: brokerages halt "insider trading 2.0"

New York Attorney General Eric Schneiderman says investment companies were taking advantage of non-public information.
Credit 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.  

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