Latest Investment banking and brokerage News

Goldman Sachs, Hain Celestial fall; Activision, Exxon rise

Jan. 18, 2022 16:34 PM EST

Stocks that traded heavily or had substantial price changes Tuesday: Goldman Sachs Group Inc., down $26.54 to $354.40. The investment bank's fourth-quarter profits fell short of Wall Street forecasts. Activision Blizzard Inc., up $16.92 to $82.31. ...

Goldman Sachs Q4 profits fall as compensation costs soar

Jan. 18, 2022 09:23 AM EST

NEW YORK (AP) — Goldman Sachs said its fourth-quarter profits fell by 13% from a year earlier, largely due to the bank preparing to pay out hefty pay packages to its well-compensated employees. It's the latest sign that wages are increasing sharply, particularly on Wall Street....

JPMorgan 4Q earnings fall 14%, but 2021 profit sets record

Jan. 14, 2022 07:48 AM EST

NEW YORK (AP) — JPMorgan Chase says fourth-quarter profits fell 14% from a year earlier, due to a weaker performance from its trading desk and higher compensation expenses for employees. Even with the weaker quarter, JPMorgan had a record annual profit, nearly $50 billion. The...

Merrill agrees to pay $4.5M settlement related to ski fraud

Jan. 07, 2022 17:04 PM EST

Investment management company Merrill has agreed to pay $4.5 million to settle allegations over its handling of accounts used related to fraud in northern Vermont developments that involved foreign investors' money, the state of Vermont announced Friday. A motion seeking approval of...

New Mexico recoups $24 million in mortgage-crisis settlement

Nov. 22, 2021 23:10 PM EST

SANTA FE, N.M. (AP) — New Mexico's public pension and investment funds will receive $24 million from several major financial institutions to resolve a lawsuit over mortgage-backed securities and the financial crisis more than a decade ago, state prosecutors said. New...

Lebanese central bank governor says corruption charges false

Nov. 17, 2021 09:29 AM EST

BEIRUT (AP) — Lebanon’s central bank governor said Wednesday that he asked for an audit of transactions and investments during his tenure and the results showed no public money has been misused. Riad Salameh, 70, once praised as the guardian of Lebanon’s financial...