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Banks

JPMorgan Executive Erdoes Turned to Epstein for Tax Advice

by James Odonell
JPMorgan Executive Erdoes Turned to Epstein for Tax Advice

Mary Callahan Erdoes, chief executive officer of asset management at JPMorgan Chase & Co. Simon Dawson | Bloomberg | Getty Images JPMorgan Chase executive Mary Callahan Erdoes sought advice for …

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Categories Politics

Senate panel investigates Leon Black’s connections to Jeffrey Epstein

by James Odonell
Senate panel investigates Leon Black’s connections to Jeffrey Epstein

Leon Black, chairman and chief executive officer of Apollo Global Management LLC, at the annual Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 27, 2015. Patrick …

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Categories Politics

Mizuho offloads ¥261 billion in AT1 bonds following Credit Suisse’s upheaval

by Craig Fedirighi
Mizuho offloads ¥261 billion in AT1 bonds following Credit Suisse’s upheaval

Mizuho Financial Group raised ¥261 billion ($1.9 billion) by selling Additional Tier 1 bonds, becoming the third Japanese megabank to issue such notes this year after the collapse of Credit …

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Categories Business

Santanu Chakrabarti, BNP Paribas Analyst, Explains Why SBI Q1 Results May Surprise Investors

by Craig Fedirighi
Santanu Chakrabarti, BNP Paribas Analyst, Explains Why SBI Q1 Results May Surprise Investors

NEW DELHI: India’s largest lender State Bank of India (SBI) is expected to surprise investors with strong June quarter earnings primarily driven by non-interest income, according to Santanu Chakrabarti, BFSI …

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Categories Business

Morgan Stanley Urged to Account for Ponzi Scheme as Victims Seek Answers

by Craig Fedirighi
Morgan Stanley Urged to Account for Ponzi Scheme as Victims Seek Answers

A former financial advisor from Morgan Stanley has been sentenced to over seven years in prison for operating a Ponzi scheme that targeted the firm’s clients for more than ten …

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Categories Business

Status update: These non-tech stocks are making a surprising comeback

by Milton Acorn
Status update: These non-tech stocks are making a surprising comeback

A number of Club stocks that were unloved on Wall Street earlier in the year have seen their fortunes rebound in recent months, including oilfield-services firm Halliburton (HAL) and industrial …

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Categories Science

2Q 2023 Earnings Report of Goldman Sachs (GS)

by Adrian Jhonsan
2Q 2023 Earnings Report of Goldman Sachs (GS)

Goldman Sachs on Wednesday posted profit below analysts’ expectations amid writedowns tied to commercial real estate and the sale of its GreenSky lending unit. Here’s what the company reported: Earnings: …

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Categories World

Key Bank’s stock experiences significant growth, despite Cramer’s unwavering adherence to his principles.

by Adesola Mojo
Key Bank’s stock experiences significant growth, despite Cramer’s unwavering adherence to his principles.

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Watch Morgan Stanley Hold Eli …

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Categories Automobile

Morgan Stanley (MS) Reports Earnings for Q2 2023

by Adrian Jhonsan
Morgan Stanley (MS) Reports Earnings for Q2 2023

CEO of Morgan Stanley James Gorman speaks in New York, May 6, 2014. Getty Images Morgan Stanley on Tuesday posted second-quarter earnings and revenue that topped analysts’ expectations, helped by …

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Categories World

Bank of America (BAC) Reports 2Q 2023 Earnings

by Adrian Jhonsan
Bank of America (BAC) Reports 2Q 2023 Earnings

Brian Moynihan, CEO of Bank of America Corp., during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., Sept. 22, 2022. Al Drago | Bloomberg | Getty …

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Categories World
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