JPMorgan Chase's earnings showed that one measure of the U.S.'s financial health still hasn't recovered.Stephen Gandel, senior editor - Jan 14, 2014 3:52 PM ET
A potential gold mine has entered the deep freeze.
FORTUNE -- Wall Street is no longer minting money off the snow. But it's still trying.
A few years ago, the market for financial contracts based on snowfall was, for lack of a better phrase, heating up. More and more firms began popping up to sell the specialized weather derivatives. Insurance firms hired traders who would focus on buying and selling the contracts. MOREStephen Gandel, senior editor - Jan 3, 2014 3:52 PM ET
The rule relies on a lot of self-reporting. That's not as bad as it sounds.Stephen Gandel, senior editor - Dec 16, 2013 11:21 AM ET
You would think that the trades that busted MF Global and Long-Term Capital Management would be barred under Volcker. Think again.
FORTUNE -- On Tuesday, regulators approved the long-awaited Volcker Rule. The final rule, which was also unveiled on Tuesday, was widely expected to be stricter than originally proposed. And in some ways it was. Bank CEOs will be required to certify that their firms are not violating the rule, which MOREStephen Gandel, senior editor - Dec 10, 2013 3:02 PM ET
Goldman has traditionally made more of its money trading than other Wall Street firms, putting the bank at particular risk depending on how the Volcker Rule is structured.Stephen Gandel, senior editor - Dec 9, 2013 5:00 AM ET
Where are the bankers involved with JPMorgan's dubious mortgage deals? At JPMorgan, Goldman Sachs, and other Wall Street firms.Stephen Gandel, senior editor - Nov 27, 2013 5:00 AM ET
The market is up, but Wall Street has less to be excited about now.
FORTUNE -- The stock market probably isn't in a bubble, but there's a bigger risk you need to consider: That buying now will mean much lower returns over the next few years.
The valuation on the S&P 500 is still reasonable enough – a P/E of 16.6, based on trailing earnings, which is only slightly higher than average.
That's MOREStephen Gandel, senior editor - Nov 19, 2013 5:00 AM ET
Which finance exec deserves a tip of the hat for 2013? Fortune's Stephen Gandel offers his picks. Tell us what you think.Stephen Gandel, senior editor - Nov 18, 2013 11:39 AM ET
In the Fed's mirror, a stock market bubble is appearing farther away than it may actually be.
Fortune -- At Thursday's confirmation hearing for Janet Yellen, the nominee to be the next Federal Reserve chairman was asked whether she thought there was a bubble in the stock market.
Yellen gave a pretty clear answer: No.
"Stock prices have risen pretty robustly," Yellen said. "But I think that if you look at traditional valuation MOREStephen Gandel, senior editor - Nov 15, 2013 12:04 PM ET
CEO of Goldman Sachs says 2008 and its aftermath made him think about quitting, but ended up making him a better person.
FORTUNE -- Lloyd Blankfein says the financial crisis was, for him, a period of personal growth.
Millions of Americas were facing foreclosure. Many, many more lost their jobs. Blankfein had to face stinging public criticism of his firm.
The Goldman Sachs CEO, speaking at an industry conference on Tuesday, said there MOREStephen Gandel, senior editor - Nov 13, 2013 1:42 PM ET
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