Goldman executives are dismissive, even defiant, when critics argue that the bank is playing a heads-we-win, tails-you-lose game with American taxpayers. And yet the questions keep coming.

There is a lot about Wall Street pay to make the rest of us livid, or at least jealous. And now Congress seems poised to act on it. It might not hurt much, but neither will it do much good, says the NYT.

JPMorgan Chase had impressive earnings for the quarter and is on track to continue those results in the quarters to come according to CFO Michael Cavanagh.

The financial sector reforms in the US did not go far enough to ensure the banking system was free of risks and easier to regulate, and more steps need to be taken to ensure banks are not too big to fail, Nouriel Roubini, chairman of RGE Monitor, told CNBC Monday.

A former executive of Bear Stearns has sued for a $2 million bonus he says he is owed.