Weak Trading Hits Wall Street Banks

Wednesday, July 21, 2010

Wall Street powerhouses like Goldman Sachs, JP Morgan Chase and Bank of America release their second quarter earnings this week; and those numbers are less than stellar. In fact, Goldman Sachs released it's lowest returns since the financial crisis of 2008.

New York Times Wall Street and finance reporter Louise Story looks behind the numbers. She explains that a combination of the May 6th flash crash, slow trading in stocks and bonds and insecurity of the European financial markets has contributed to this financial dry spell.


Louise Story

Produced by:

Hsi-Chang Lin

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