from CNBCBig US banks are nearing the end of another disappointing quarter for their trading businesses that has deepened fears over job losses on Wall Street.
The first two weeks of September failed to deliver a meaningful pick-up in trading activity on markets, hitting bank profits at a time when they are already under pressure from a sluggish economy. Trading desks remain the critical source of revenue at investment banks Goldman Sachs and Morgan Stanley, and can still make or break a quarter at big lenders such as JPMorgan Chase and Bank of America.
