NEW YORK ( TheStreet) -- Given the free money available from the Federal Reserve it is not surprising that only two of the 24 banks in the PHLX KBW Banking Index
It's a classic example of headline risk on a topic Wall Street would prefer to avoid.
Richard Cordray, the first director of the Consumer Financial Protection Board, has taken an aggressive tack. Now, it may be doing its job too well.
Once millennials get in on an upward trend, count on the market to head in the opposite direction.
Morgan Stanley, Goldman Sachs and State Street clear thresholds - but barely