Investment banking and brokerage

1010 WINS Newsroom
July 15, 2020 - 12:42 pm
NEW YORK (AP) — Investment bank Goldman Sachs posted a massive 41% rise in revenues in the second quarter, the bank said Wednesday, helped by a blowout performance by the bank’s trading desks. The New York-based bank had second quarter revenues of $13.3 billion, which is up from $9.46 billion in...
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1010 WINS Newsroom
April 24, 2020 - 4:09 pm
BOSTON (AP) — The former CEO of a top investment company who got nine months in prison in the college admissions bribery scheme asked a judge if he could begin his sentence at home because of the risk of catching the coronavirus behind bars. Lawyers for Douglas Hodge said in a filing Thursday that...
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FILE - In this Oct. 14, 2019 file photo a Bank of America logo is attached to the exterior of the Bank of America Financial Center building, in Boston. Bank of America Corp. reports financial results Wednesday, April 15, 2020. (AP Photo/Steven Senne, File)
1010 WINS Newsroom
April 15, 2020 - 12:11 pm
NEW YORK (AP) — The major banks in the U.S. are anticipating a flood of loan defaults as households and business customers take a big financial hit from the coronavirus pandemic. JPMorgan Chase, Wells Fargo, Bank of America, Citigroup and Goldman Sachs raised the funds set aside for bad loans by...
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FILE - This April 24, 2014, file photo shows the logo of Swiss bank UBS and the Swiss flag in Zurich, Switzerland. The multinational investment bank has ended support for offshore drilling in the Arctic amid efforts to tackle climate change, a move that could affect future funding for oil and gas projects in Alaska, the Anchorage Daily News reported Friday, March 6, 2020. (Steffen Schmidt/Keystone via AP, File)
1010 WINS Newsroom
March 07, 2020 - 11:52 pm
KENAI, Alaska (AP) — A multinational investment bank has ended support for offshore drilling in the Arctic amid efforts to tackle climate change, a move that could affect future funding for oil and gas projects in Alaska, a newspaper said. Switzerland-based UBS Bank joined several other investment...
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FILE - In this Oct. 18, 2011, file photo, the Morgan Stanley logo is displayed on its Times Square building, in New York. Morgan Stanley is buying online brokerage E-Trade in an all-stock deal valued at about $13 billion. In the all-stock deal announced Thursday, Feb. 20, 2020, E*Trade shareholders will receive 1.0432 Morgan Stanley shares for each share they own. (AP Photo/Mark Lennihan, File)
1010 WINS Newsroom
February 20, 2020 - 11:11 am
NEW YORK (AP) — Morgan Stanley, the investment bank for millionaires, big business and megamergers, is buying E-Trade Financial, the online brokerage that encouraged waves of regular investors to get into the market with ads featuring its talking spokesbaby. The roughly $13 billion, all-stock deal...
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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)
1010 WINS Newsroom
January 16, 2020 - 8:52 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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1010 WINS Newsroom
January 07, 2020 - 5:31 pm
NEW YORK (AP) — A former banker at Goldman Sachs pleaded guilty to an insider trading charge Tuesday, admitting that he stole secrets from the investment bank and gave them to a securities trader in Switzerland. Bryan Cohen, 33, entered the plea in Manhattan federal court to conspiring to commit...
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Smoke billows from a plant just outside the French capital, Wednesday, Nov. 13, 2019 in Paris. The world's thirst for oil will continue to grow until the 2030s, with climate-damaging emissions climbing until at least 2040 — and consumers' insatiable appetite for SUVs is a big reason why. (AP Photo/Michel Euler)
1010 WINS Newsroom
November 14, 2019 - 3:37 pm
BERLIN (AP) — The European Investment Bank said Thursday that it will stop financing fossil fuel energy projects from the end of 2021 as part of an effort to fight climate change. The decision, which ends fossil fuel funding a year later than initially proposed, follows lengthy negotiations among...
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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)
1010 WINS Newsroom
October 31, 2019 - 12:07 pm
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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1010 WINS Newsroom
September 23, 2019 - 4:23 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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