Wall Street firms’ collective 2010 profits may fall 69% from a year earlier on less activity in the securities industries, more financial regulation, and fewer gains from Federal government bailouts, according to a New York State Comptroller report. Nevertheless, 2010 profits still may be the fourth-highest on record.
Continue reading Wall Street Firms’ 2010 Profits May Fall 69% From a Year Earlier
Wall Street Firms’ 2010 Profits May Fall 69% From a Year Earlier originally appeared on DailyFinance on Tue, 16 Nov 2010 17:29:00.
Filed Under: Economy