Bank of America Corp. led decliners in the Dow Jones Industrial Average after reporting profit dropped 63 percent, hurt by shrinking revenue and more costs from cleaning up bad mortgages.
Employment drops to near post-recession low; bonuses could be crimped by profit squeeze.
Morgan Stanley's wealth management division delivered a $430 million profit to its parent company last quarter as revenues improved moderately and expenses were tamed
Prospect of regulation by brokers' regulator does not bother existing sites, which have conducted crowdfunding for accredited investors for some time.
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