Morning Scan: Goldman to Pay $5B Fine; Basel Committee Eases Trading Rules
Breaking News This Morning … Earnings: It’s a banner day for 4Q reports from megabanks and regionals: Citigroup, Wells Fargo, U.S. Bancorp, PNC and Regions Financial. And there are two M&A deals in Chicago, from buyers Wintrust and Royal Financial. Goldman Sachs Faces Huge Fine: Goldman Sachs will pay the largest regulatory penalty in its