Wall Street rings up record profits in second quarter
(WorldNews Business)

Wall Street just had its most profitable quarter ever - fueled in part by the skimpy returns paid out on savings accounts. US banks rang up record profits of $48.3 billion in the second quarter as the Federal Reserve´s interest rate hikes weren´t passed along to consumers, the FDIC said Tuesday. The total bottom line profit marks a 10.7 percent rise from the same period last year - resulting in the biggest profit quarter in Wall Street history, an FDIC...