Goldman Sachs, Morgan Stanley report fourth-quarter losses of more than $2 billion. Citibank account holders with limited access to their money on Wednesday. SEC’s Chairman Christopher Cox launches internal investigation into how Bernard Madoff was able to pull off what is being called the biggest Ponzi scheme in history for at least 10 years. Goldman, long considered the premier investment bank on Wall Street, posted its first quarterly loss since going public in 1999, saying it lost $2.29 billion during the fourth quarter.”]
Source: https://www.cuinfosecurity.com/feds-historic-rate-cut-boosts-wall-street-a-1115