Bloomberg columnist Michael Lewis offers this : The banks have no intention of ceasing their prop trading.

FORBES: What Volcker Rule? Proprietary Trading Lives

"As long as banks continue to hold problem assets and these assets have no insurance or other protection for maximum loss, banks remain exposed, " said Michael Mayo, an analyst at Deutsche Bank.

FORBES: Magazine Article

"Overall, banks have made progress, " said Mr Michael.

BBC: Skyline of Canary Wharf in London

Michael Mayo, an analyst with Credit Suisse First Boston, points out that banks' average costs have fallen to just 56% of their revenues, the lowest since 1960, and that revenues per employee are rising faster than costs per employee.

ECONOMIST: American banks

"Strong retail sales, an upbeat Fed and positive news from banks all worked to pull money off the sidelines today, " said Michael Cippoletti, head of U.S. equity capital markets for BMO Capital Markets.

WSJ: Nasdaq Closes Above 3000

Banks was back in goals for Hearts with Eduardas Kurskis being suspended, while Michael Stewart had to be content with a place on the bench on his return from a ban.

BBC: McGinn scored for St Mirren at Tynecastle

In a bold and symbolic move in February, he hired former Credit Suisse First Boston banking analyst Michael Mayo, who had outraged that firm's investment bankers by knocking the stocks of commercial banks from which the investment bankers wanted merger and underwriting deals.

FORBES: The Great Divorce