Saudi Aramco is trying to pull off a monster IPO that will be a major rainmaker for Wall Street. But environmental groups are urging big banks to help save the planet by refusing to work on the lucrative deal.
Deutsche Bank will cut 18,000 jobs and dramatically shrink its investment bank as part of a costly overhaul that marks a retreat from Wall Street after two decades of intense competition with American rivals.
The Federal Reserve is almost certain to cut interest rates later this month, and it may not be the only rate cut this year. That means that investors who want the safety of a steady (and sizable) yield have to look for something other than long-term government bonds.
Goldman Sachs, on a bit of a buying binge now that David Solomon has taken over for long-time CEO Lloyd Blankfein, has purchased yet another consumer business.