Despite record profits, banks are playing the victim

It's taken nearly a decade, but the regulatory pendulum is swinging back in favor of banks.

Dow Nasdaq S&P +115.54   -15.07   -2.15 24,873.66   7,481.74   2,747.33 +0.47%   -0.20%   -0.08% YTD +0.62%   YTD +8.38%   YTD +2.76%

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Key Market Stats Latest Today's Change Oil $61.20 +0.24 / +0.39% Gold $1,316.20 -9.40 / -0.71% 10-yr 2.83% +0.01 / +0.32% Euro $1.23 -0.01 / -0.57%

News: What you need to know about the markets     Despite record profits, banks are playing the victim It's taken nearly a decade, but the regulatory pendulum is swinging back in favor of banks. Read more »   One of Europe's biggest oil companies is taking 'oil' out of its name Norway's state oil company Statoil is changing its name to Equinor to reflect a shift toward cleaner energy. Read more »   Wells Fargo's CEO is getting a 36% raise after the bank's nightmare year Wells Fargo CEO Tim Sloan received a 36% pay hike for 2017, despite it being one of the darkest years in the bank's 166-year history. Read more »   The death of the big toy store Specialty toy stores are pretty much now extinct following the demise of Toys "R" Us. KB Toys is gone. So is online retailer eToys. And FAO Schwarz is a shell of its former self. Read more »   No, Mr. President. The US doesn't have a trade deficit with Canada Figures from the US Commerce Department show that the US has a trade surplus, not a deficit, as President Trump claimed Wednesday and Thursday. Read more »   China's HNA is ditching another Hilton investment A mysterious Chinese company that spent billions to build a global investment portfolio just checked out of one of its big bets. Read more »

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