U.S Market Update |
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- Market players around the world are grappling with a radically altered Wall Street landscape this morning. In its latest attempt to calm markets, the Fed allowed Goldman Sachs and Morgan Stanley to become bank holding companies on Sunday night, implicitly abandoning the traditional investment banking business model. Markets are predictably unsettled, with the all three of the major indices off more than 1.5% in early trading. "This decision marks the end of Wall Street as we know it" has Read More...
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