Matt Levine, Columnist

Bank Identity and Hedge-Fund Culture

July 27, 2016 at 9:01 AM EDT

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE

Deutsche Bank earnings.

A bank's net income is just an arbitrary point on a distribution hopefully centered around some number greater than zero, and it isn't quite fair to talk about year-over-year percentage changes, but still you never want it to fall by 98 percent:

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE