Wall Street posts worst quarter since 2008
China Daily | Updated: 2011-10-21 08:06
|
JPMorgan Chase & Co, Bank of America Corp, Citigroup Inc, Goldman Sachs Group Inc and Morgan Stanley posted $13.5 billion in trading revenue minus accounting gains for the third quarter, down 35 percent from a year earlier. Chris Keane / Bloomberg |
NEW YORK - The biggest Wall Street companies posted their worst quarter in both trading and investment banking since the depths of the financial crisis as they face questions about the future of their business.
Photo
