Investment banking and brokerage

September 23, 2019 - 3:23 pm
NEW YORK (AP) — An investment banker whose insider trading conviction was overturned by an appeals court was convicted again at a second trial Monday by a jury that reached a speedy verdict. The Yale-educated Sean Stewart, 38, of North Merrick, was convicted of charges including securities fraud...
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In this Aug. 9, 2019, photo, President Donald Trump talks to reporters on the South Lawn of the White House in Washington. Trump is showcasing the growing effort to capitalize on western Pennsylvania’s natural gas deposits by turning gas into plastics. (AP Photo/Evan Vucci)
August 20, 2019 - 10:56 am
WASHINGTON (AP) — The "fundamentals" of the U.S. economy are solid, the White House asserted, invoking an ill-fated political declaration of a decade ago amid mounting concern that a recession could imperil President Donald Trump's reelection. Exhibiting no such concern, senior adviser Kellyanne...
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July 26, 2019 - 12:44 pm
LONDON (AP) — The European Investment Bank is suggesting ending loans to fossil fuel projects by the end of next year, as part of the European Union's efforts to combat climate change. In a draft policy document published Friday, the Luxembourg-based bank proposes to "phase out support to energy...
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In this Nov. 29, 2018 photo a Chase Bank logo is attached to an exterior wall at a bank location, in Dedham, Mass. JP Morgan Chase reports financial results on Tuesday, July 16, 2019. (AP Photo/Steven Senne)
July 16, 2019 - 8:47 am
NEW YORK (AP) — Banking giant JPMorgan Chase & Co. said Tuesday that its second quarter profits grew by 16% from a year ago, helped by lower taxes and the ability to charge businesses and consumers more to borrow money. The nation's largest bank by assets said Tuesday that it earned $9.65...
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FILE - In this Dec. 13, 2016, file photo, the logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange. The Goldman Sachs Group Inc. reports financial results on Tuesday, July 16, 2019. (AP Photo/Richard Drew, File)
July 16, 2019 - 7:20 am
NEW YORK (AP) — Goldman Sachs said its second quarter profit fell 6% from a year earlier, as the Wall Street firm saw declines across most of its businesses. However the results were much better than what analysts' had forecast, pushing shares higher in premarket trading. The New York-based bank...
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A man walks past the Deutsche Bank sign in London, Monday, July, 8, 2019. Germany's struggling Deutsche Bank says it will cut 18,000 jobs by 2022, saying it is going “back to our roots” with a radical restructuring plan meant to focus the company on traditional strengths.(AP Photo/Natasha Livingstone)
July 08, 2019 - 8:53 am
BERLIN (AP) — The radical and painful restructuring of Germany's Deutsche Bank, which is cutting 18,000 jobs, is the end of a long, failed attempt to compete with the global investment banking giants that left it overextended. The bank plan unveiled Sunday aims to go "back to our roots" by...
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Dark clouds cover the sky over the headquarter of Deutsche Bank in Frankfurt, Germany, Sunday, July 7, 2019. The supervisory board of the bank meets on Sunday to decide about further strategies. (AP Photo/Michael Probst)
July 07, 2019 - 2:55 pm
FRANKFURT, Germany (AP) — Germany's struggling Deutsche Bank said Sunday it would cut 18,000 jobs by 2022, downsizing its volatile investment banking division in a restructuring aimed at restoring consistent profitability and better returns to shareholders. The Frankfurt-headquartered bank said it...
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FILE- In this Aug. 24, 2015, file photo specialist Frank Masiello is reflected in his screen on the floor of the New York Stock Exchange. U.S. stocks were mixed in early trading Monday, June 3, 2019, as investors looked to shake off the steep losses incurred in May. Energy and health care stocks led most sectors higher, although declines in some major technology and internet companies limited the gains. (AP Photo/Richard Drew, File)
June 03, 2019 - 4:40 pm
Major U.S. stock indexes ended mostly lower Monday amid signs that the Trump administration is laying the groundwork to ratchet up scrutiny on some of the market's biggest names: Apple, Facebook, Amazon and Google. Google's parent Alphabet lost 6.1% and Facebook sank 7.5%. Apple shed 1% on the day...
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FILE - In this April 11, 2019, file photo trader John Panin works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, May 7. (AP Photo/Richard Drew, File)
May 07, 2019 - 3:38 pm
The Dow Jones Industrial Average tumbled more than 470 points Tuesday amid a broad sell-off on Wall Street as the U.S. and China moved closer to an escalation of their already costly trade war. The U.S. was set to impose higher tariffs on China on Friday, a day after representatives from both...
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FILE - In this April 10, 2019, file photo, Goldman Sachs chairman and CEO David Solomon testifies before the House Financial Services Commitee during a hearing in Washington. Goldman Sachs said its first quarter earnings fell by 21% from a year earlier, hurt by a slowdown in trading. Solomon described the quarter as a "muted start to the year," in a written statement. (AP Photo/Patrick Semansky, File)
April 15, 2019 - 8:07 am
NEW YORK (AP) — Goldman Sachs said its first quarter earnings fell by 21% from a year earlier, hurt by a slowdown in trading. The investment bank earned a profit of $2.25 billion, or $5.71 a share, down from a profit of $2.83 billion, or $6.95 a share, in the same period a year earlier. The results...
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