| The KUIK Closing Market Report for Monday, October 20: | |||||||
| Markets were up. | |||||||
| Direction | Change | Units | Last | Time | Change | ||
| Dow | Up | 19 | points | 16,400 | 2:24 PM | ||
| S&P500 | Up | 0.9% | percent | 1,904 | 17.25 | ||
| Nasdaq Composite | Up | 1.4% | percent | 4,316 | 57.64 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 2.96 | Annual Yield | ||
| If bad behavior at financial services firms persists, they will have to be “dramatically downsized and simplified so they can be managed effectively,” according to New York Fed President William Dudley in a speech at a New York Fed event on reforming culture in the financial services industry. He pointed out that fines imposed on the largest banks have exceeded $100 billion since 2008. He also suggested that fines should be paid by company employees instead of shareholders. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/big-firms-should-be-broken-up-if-misbehavior-persists-ny-feds-dudley-2014-10-20 | |||||||
| For today’s Closing Market Report click to listen-> | |||||||