BUSINESS
10/25/2011 09:27 am ET | Updated Dec 25, 2011

Layoffs: Wall Street's Big Worry

Euphoria swept Wall Street in 2009 as it rebounded to record profits after the credit crisis. Now the benefits of a $700 billion taxpayer bailout and $1.2 trillion in emergency funding from the Federal Reserve have faded. An anemic global economy, the European sovereign debt crisis, U.S. unemployment stuck above 9 percent, and swooning stock markets have darkened the mood on Wall Street, where bankers worry the troubles may not end for years.

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