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Leaner and more regulated times at Wall Street

http://www.bloomberg.com/news/2012-...traders-quit-wall-street-for-hedge-funds.html

"Wall Street's biggest banks have lost almost two dozen of their most-profitable credit traders in the past 13 months as regulators limit the kind of risk-taking that amplified the housing crisis four years ago. As banks slash or defer pay and reduce the amount they’re willing to wager, the traders are seeing better opportunities at hedge funds and investment firms that seek to profit in markets lenders are retreating from."
 
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