Finance Insider is Business Insider’s midday summary of the top stories of the past 24 hours.
High-speed traders now dominate the market for US government bonds, and it is freaking some people out.
The US Treasury recently asked for public comments on changes to the $12.8 trillion market, and the responses have been flooding in.
Several Wall Street players took the opportunity to get in a dig in over the growing role of principal trading firms and high-frequency specialists.
And Goldman Sachs is launching a bank account for ordinary people — not just the super rich.
Here are the top Wall Street headlines at midday:
IT’S OFFICIAL: Valeant has a new CEO – Valeant has named Joseph Papa as its new chairman and CEO.
Oh, you thought the drama was over now that Wall Street’s nightmare stock filed for bankruptcy? – SunEdison, the largest renewable-energy firm in the world and the bane of Wall Street’s existence since July, filed for bankruptcy on Thursday.
Wall Street is winning big from a rebound in a grim business – Energy companies are feeling the pinch. Wall Street is getting ready to gorge.
Investors aren’t going to make money in this ‘fragile’ market – If you’re an investor or market watcher, it’s not unreasonable to have a bit of whiplash.
A former fashion exec is selling his historic New York City townhouse for $17 million – Former fashion executive Robert Duffy has just listed his 19th-century New York City townhouse for $17 million.