The answer is your profits would have been $27.6 billion. I did the math for you.
Stock buybacks used to be illegal market manipulation. Today they are routine.
This past year has shown that corporate profits are more important to your bank than offering just a little help to struggling families.
Wall Street built this system. They did not build it for everyone. They built it for themselves.
You have rolled back rule after rule--rules that are supposed to be a check on the power of the biggest banks.
Last month, a hedge fund called 'Archegos' imploded after making some very risky bets.
So you are going to stick with your original play.
It is your responsibility to enforce the law and to hold banks accountable for misdeeds with meaningful punishments--not slaps on the wrist,...
In plain English, the Fed said that Credit Suisse's models just were not realistic.
If we want an economy that reflects our values, we cannot let Wall Street write the rules.
We need to make sure workers' wages keep up with the cost of living: housing, childcare, prescription drugs, all the expenses that have been...