Week Ahead: Housing Data and GDP

Housing data and a report on gross domestic product will highlight next week’s economic calendar. U.S. banks and securities markets are closed Monday for the Memorial Day holiday.

Citigroup Funds Bestowed on Employees Offer Volcker Payday

For a pair of former Citigroup Inc. (C) hedge-fund managers, Napier Park Global Capital may turn into a multimillion-dollar payday thanks to the Volcker rule.

Wall Street Is RethinkingCommodity-Trading Role

Goldman Sachs Group Inc. has held preliminary internal discussions in the last two years about splitting off its lucrative commodities-trading business, according to people briefed on the discussions.

U.S. Banks Sold More Swaps on European Debt as Risks Rose

U.S. banks increased sales of protection against credit losses to holders of Greek, Portuguese, Irish, Spanish and Italian debt in the last quarter of 2011 as the European debt crisis escalated.