A $1 trillion decade

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Dec. 27, 2022

Outside the New York Stock Exchange. Photographer: Michael Nagle/Bloomberg

Read the story The six giants of US banking just accomplished their first trillion-dollar decade — and that's $1 trillion in pure profit. Such a haul didn't seem possible before the decade began, when Wall Street was the target of a global protest movement and politicians at both ends of the spectrum were seething over bailouts or aiming to break up too-big-to-fail lenders. Instead, the banks and their earnings swelled.  Read The Big Take.

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