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Four of the Largest Wall Street Banks Hit 12-Month Lows Last Week
By Pam Martens and Russ Martens: February 7, 2016 Last Wednesday something noteworthy happened on Wall Street. Four of the largest Wall Street banks, each holding trillions of dollars in derivatives, hit new 12-month lows in intraday trading. The banks are Bank of America, Citigroup, Goldman Sachs and Morgan Stanley. The banks recovered a little ground by the end of the week. These banks have two other things in common: they have been spending billions … Continue reading →