Home Ken Sweet, The Associated Press

Ken Sweet, The Associated Press

The coronavirus outbreak has bought the U.S. economy to a virtual standstill

  • April 15, 2020 April 15, 2020
  • 10:59

The deal follows Charles Schwab and TD Ameritrade's merger last year

  • February 20, 2020 February 20, 2020
  • 11:47

Morgan Stanley's wealth management arm also had a solid quarter

  • October 16, 2018 October 16, 2018
  • 10:38

Higher interest rates and lower corporate taxes were the main factors

  • October 15, 2018 October 15, 2018
  • 11:17

U.S. banks set a record by making more than $60 billion in profits in the second quarter, federal regulators said Thursday, up more than 25% from a year earlier. The Federal Deposit Insurance Corporation said the profit boost came because banks have been able to charge more interest on loans in recent months and received […]

  • August 23, 2018 August 23, 2018
  • 00:00

Wells Fargo agreed Wednesday to pay a US$2.1-billion fine to settle allegations it misrepresented the types of mortgages it sold to investors during the housing bubble and subsequent financial crisis. (All figures are in U.S. dollars.) The amount is relatively smaller than the fines paid by Bank of America, Citigroup, Goldman Sachs and other big […]

  • August 1, 2018 August 1, 2018
  • 00:00

Another Wall Street veteran of the financial crisis is stepping aside: Lloyd Blankfein is retiring as CEO of Goldman Sachs after 12 years at the helm of the storied investment bank. Blankfein will be replaced by David Solomon, a long-time Goldman executive who has been seen as Blankfein’s chosen successor. Solomon will assume the CEO […]

  • July 17, 2018 July 17, 2018
  • 00:00

But the will not be fined by the Consumer Financial Protection Bureau

  • June 29, 2018 June 29, 2018
  • 00:00

The bank's wealth management business is reportedly under investigation for improprieties similar to those that impacted its consumer bank.

  • April 20, 2018 April 20, 2018
  • 00:00

Goldman Sachs posted a US$1.93-billion loss in the fourth quarter, the investment bank said Wednesday, as the bank had to record more than US$4 billion in charges related to the new tax law. It was the bank’s first quarterly loss in more than six years. (All figures are in U.S. dollars.) Goldman had a net […]

  • January 17, 2018 August 21, 2018
  • 09:50