Deutsche Bank beats expectations despite 27% drop in profit, jump in costs
Deutsche Bank on Wednesday reported a net profit of 763 million euros ($842 million) for the second quarter of 2023,…
JPMorgan Chase exec Erdoes sought tax advice, Madoff intel from Epstein, suit alleges
JPMorgan Chase executive Mary Callahan Erdoes sought advice for a $600 million tax issue from disgraced former financier Jeffrey Epstein…
Wells Fargo announces $30 billion buyback, shares rise
Wells Fargo shares popped Tuesday after the bank said it would buy back $30 billion in stock. The company also…
Senate panel probes billionaire Leon Black’s $158 million in payments to Jeffrey Epstein
A Senate panel on Tuesday revealed a yearlong investigation into Apollo Global Management co-founder Leon Black’s ties to the late…
Goldman Sachs misses on profit after hits from GreenSky, real estate
Goldman Sachs on Wednesday posted profit below analysts’ expectations amid write-downs tied to commercial real estate and the sale of…
Morgan Stanley beats estimates on record wealth management revenue
Morgan Stanley on Tuesday posted second-quarter earnings and revenue that topped analysts’ expectations, helped by record wealth management results. Here’s…
Bank of America tops analysts’ expectations amid higher interest rates
Bank of America on Tuesday posted second-quarter profit and revenue that edged out expectations as the company reaped more interest…
Goldman Sachs cuts odds of a U.S. recession in the next year
Goldman Sachs revised down the odds of a U.S. recession happening in the next 12 months, cutting the probability down…
Dimon says private equity giants are ‘dancing in the streets’ over tougher bank rules
JPMorgan Chase executives warned Friday that tougher regulations in the wake of a trio of bank failures this year would…
Why Citigroup’s shift to wealth management is a risky bet
Since the company’s collapse during the 2008 recession, Citigroup’s stock has continuously struggled, with shares falling more than 30% over…
