Trading assets at US banks cross $1tn for first time since financial crisis

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The story "Trading assets at US banks cross $1tn for first time since financial crisis" was covered 19 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 19h ago

Trading assets at US banks cross $1tn for first time since financial crisis - Financial Times

Quick Summary:

Trading accounts at Goldman Sachs and Morgan Stanley, which generate more of their income from Wall Street activity than lending, are the highest they have been in years.

Nearly all of the trading activity in the US banking industry remains concentrated at the nation’s largest banks.

After the crisis, lawmakers adopted rules that prohibited banks from speculating with house money and required that trading facilitate client business.