Bloomberg notices something eye-popping: Wall Street’s Big Banks Score $1 Trillion of Profit in a Decade

"That’s not $1 trillion of total revenue, it’s pure profit."

It's been barely a decade since Wall Street banks caused the financial crisis by loading up on bonds stuffed with bad mortgages. Already they're back making gobs of money. As tech and crypto suffer setbacks, this is a reminder that the banking juggernaut continues to chug along.

Story link: https://www.bloomberg.com/news/features/2022-12-27/wall-street-s-6-biggest-banks-hit-1-trillion-profit-in-10-years

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