Business
New York cashes in as Wall Street posts most profitable first half since 2009 – Sydney Morning Herald
New York City’s securities industry posted its most profitable first half to a year in more than a decade even as the coronavirus pandemic and a resulting recession…
New York City’s securities industry posted its most profitable first half to a year in more than a decade, helping government coffers, even as the coronavirus pandemic and a resulting recession battered the US economy, the state’s comptroller said.
A surge in trading and underwriting activity drove pretax profits up to $US27.6 billion ($38.8 billion), nearly eclipsing earnings reported for all of last year, Comptroller Thomas DiNapoli said in a report on Thursday (US time). While it was the industry’s…
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