Wall Street Roundup: Going private. Dimon’s raise.
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Gold: Trading now at $1,479 per ounce, up 0.9% from Thursday. Dow Jones industrial average: Trading now at 12,399.00, down 0.1% from Thursday.
Going private. The Securities and Exchange Commission is considering bowing to the recent trend of big companies staying private by making it easier for private companies to market their shares to a select group of investors, the Wall Street Journal reports.
Dimon’s raise. Jamie Dimon’s recently announced $23-million pay package is a big raise and it makes him the highest paid of the bosses at the big banks.
Breaking up the bank. While the United States has avoided breaking up its big banks, British regulators are about to start considering whether to force their big banks to downsize.
Blockbuster auction. An inside look at the all-day auction for the bankrupt Blockbuster, which was likened to a ‘cage match’ in a Manhattan courtroom.