First Take: Banks need to come clean on prop trading

First Take: Banks need to come clean on prop trading

21:57:56 | 03/09/2010 - Source: MarketWatch

The black box of Wall Street proprietary trading is still in the dark, despite rumblings that big banks are planning to shutter units or keep them at arm's-length. The latest tremors on the issue rattled across the financial industry Friday when a report surfaced that Goldman Sachs Group Inc.