(NPR) It's Nice To Be Rich: Big Banks Are Raking In Profits In The Stock Market

It's Nice To Be Rich: Big Banks Are Raking In Profits In The Stock Market





It's Nice To Be Rich: Big Banks Are Raking In Profits In The Stock Market






More so than other big banks, Goldman Sachs depends on stock and bond trading to make money, and the financial markets were the place to be in the second quarter.



Richard Drew/AP


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Richard Drew/AP













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It's Nice To Be Rich: Big Banks Are Raking In Profits In The Stock Market



The economy is tanking, with massive layoffs and bankruptcies. But the richest sliver of the country continues to do quite well. The latest evidence: Goldman Sachs said it's raking in money on trades.