Wall Street on Wall Street Week on Bloomberg

Major US banks have had their ups and downs in recent years from the near disaster of the great financial crisis at Morgan Stanley when we were having a hard time it's my responsibility. American consumers eventually the excess money they have is running out that'll probably happen sometime mid-year next year all of which has led the banks to start trimming their sales through job cuts and reduced compensation bank of America is now joining the ranks of many of its peers in considering job cuts. The big banks go for the real money in sports English football clubs that's next on Wall Street Week on Bloomberg this is Bloomberg Wall Street Week with David Weston from Bloomberg Radio.