The two companies are reviewing their relationship with the NRA in the wake of the school shooting in Parkland, FL last week.
Deutsche Bank plans to fire 250 to 500 employees in its investment-banking and trading business, a person familiar with the matter said. It could be a way to free up money to hire and retain top producers.
Stocks finished mixed on Thursday.
Cryptocurrency miners are always looking for the fastest and most powerful chips to run their rigs and they are showing them off on social media.
The Federal Reserve's monetary-committee released minutes of its January meeting, in which members held benchmark U.S. interest rates steady in a range of 1.25% to 1.5%.
Deutsche Bank shares hit a two week high Wednesday amid reports that Germany's biggest lender is ready to spin-off part of its wealth management division.
According to C.J. Lawrence analysts, financial stocks are priced at historically low multiples for a period of economic expansion.
HSBC will focus on shoring up its balance sheet before returning more cash to shareholders in the first half of this year, a decision which has sent its stock tumbling on the final day in office for outgoing CEO Stuart Gulliver.
Citigroup boosted CEO Michael Corbat's pay to $23 million, even as the bank failed to meet the CEO's own profitability goal for a third straight year, and as it reported a full-year net loss of $6.2 billion due to the write-off of tax credits that management had touted as a competitive advantage.
The Goldman Sachs board of directors gave CEO Lloyd Blankfein a 9% pay raise in 2017 to $24 million, even as the firm turned in its worst performance in years.
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