Investment banking and brokerage

FILE - In this Tuesday, Oct. 18, 2011, file photo, the Morgan Stanley logo is displayed on its Times Square building, in New York. Morgan Stanley reports financial results Thursday, Jan. 16, 2020. (AP Photo/Mark Lennihan, File)
January 16, 2020 - 7:52 am
NEW YORK (AP) — Morgan Stanley's fourth-quarter profits jumped 46% from a year earlier, the company said Thursday, helped by a massive boost from the bank's trading desks. The investment bank said it earned a profit of $2.24 billion, or $1.30 per share, compared with a profit of $1.53 billion, or...
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A Peugeot logo pictured on a car in Bayonne, southwestern France, Thursday, Oct.31, 2019. The boards of Fiat Chrysler and PSA Peugeot announced Thursday fast-moving plans to merge the two companies creating the world's fourth-largest automaker with enough scale to confront "the new era in mobility". (AP Photo/Bob Edme)
KNSS News
October 31, 2019 - 11:07 am
MILAN (AP) — Fiat Chrysler and France's PSA Peugeot said Thursday they have agreed to merge to create the world's fourth-largest automaker with enough scale to confront big shifts in the industry, including a race to develop electric cars and driverless technologies. Italian-American Fiat Chrysler...
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FILE - In this Jan. 16, 2018 file photo, Adam Neumann, co-founder and CEO of WeWork, attends the opening bell ceremony at Nasdaq, in New York. The Wall Street Journal, citing sources it did not identify, reported Tuesday, Oct. 22, 2019, Neumann will walk away with close to $2 billion from Japan’s SoftBank Group if he severs ties with the company. (AP Photo/Mark Lennihan, File)
October 22, 2019 - 8:43 am
NEW YORK (AP) — The Wall Street Journal is reporting that WeWork is being taken over by the Japanese investment bank that invested billions in the company before its botched effort to go public. The shared-office space company is facing a severe cash crunch with its valuation, what investors are...
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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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The sun reflected in the facade of the headquarters of Deutsche Bank in Frankfurt, Germany, Monday, July 8, 2019. The bank wouldn't give a geographical breakdown of the about 18.000 job cuts until 2020 and said there was no geographical concentration of job losses. (AP Photo/Michael Probst)
July 08, 2019 - 8:40 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 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 - 4:04 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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