Wall Street’s big banks make US$1 trillion profit

Wells was on top of the big six, the most valuable and sole member of the group, pulling in more than US$20bil. — Reuters

NEW YORK: Malick Diop felt something shifting on Wall Street. He’d joined Morgan Stanley in the grim days of 2009, when big banks were trying to pay back taxpayer bailouts and deflect public fury.

But four years later, the ire was fading and ambition was the order of the day.