The Wall Street Journal

Big Banks Are Spinning Market Chaos Into Gold

Jittery markets are swelling trading revenue and profit, prompting banks to put more money to work on Wall Street

Bank of America has increased the capital allocated to its global markets segment.
Bank of America has increased the capital allocated to its global markets segment. Photo: Seeger Gray/ WSJ

Second-quarter market upheaval was about tariff policies. Third-quarter volatility might be about President Trump and the Federal Reserve.

Bankers are generally against moves that call into question the independence of the central bank. Yet in the meantime the biggest U.S. banks at least stand to profit from investors’ anxiety, via their Wall Street trading desks.

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