Sandy Weill, the former Citigroup chief executive and shatterer of Glass-Steagall says the industry needs a return to the separation of commercial and investment banks, while a recent study on HFT reveals that the practice costs long-term investors $2.5 billion per year.
July 27, 2012
7. Bruised Apple
Apple is a little bit more vulnerable. There are chinks in their armor now.
— Giri Cherukuri, head trader at OakBrook Investments, commenting on the Apple's earnings report on Tuesday which showed that the global economy, particularly in Italy, France, Greece and China, had impacted iPhone sales
Source: Reuters: Apple's Invincibility Fades on iPhone Miss, Global Woes
