Deutsche Bank CEO: "Saying goodbye to Wall Street is absolutely the wrong assessment."
"This isn't over," said the attorney for defendant Matthew Connolly.
GE's second-quarter profits sank 30% from last year, but revenue was up, beating analyst expectations.
Most of the cuts will be in Deutsche’s corporate and investment bank, in particular equities sales and trading personnel.
The TCJA may force some U.S. companies to reconsider their strategy of shifting profits to affiliates in low-tax jurisdictions.
Morgan Stanley, Darden Restaurants also report effects of the tax cuts.
“Firms are only capable of sustainably maintaining their dividend payouts provided they are generating sufficient free cash flow,” researchers contend.
The bank's former head of subprime trading allegedly misrepresented the quality of securitized loans to protect Deutsche's bottom line and his own salary.
The bank agrees to pay $41 million for allowing "significant deficiencies" in its monitoring of billions of dollars in potentially suspicious transactions.
Deutsche Bank, Callaway Golf, Nordstrom, Essilor, CTG, Norfolk Southern, Marco Technologies, CMS Energy, Shake Shack, Hawkins
A New York State regulator says the bank's deficient controls facilitated $10 billion in sham trades involving Russian investors.
The settlements with U.S. authorities ease investor concerns over the impact of the MBS scandal on the shaky European banking industry.
