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Morgan Stanley has its fingers in the best pies

If the driving force behind last year’s bumper Wall Street profits was fear, this year’s theme is greed. Morgan Stanley (MS.N), which reported $14.8 billion of second-quarter revenue on Th...

Goldman Sachs 2Q profits beat forecasts; boosts dividend

NEW YORK (AP) — Goldman Sachs had the second-best quarterly profit in the firm's history in the quarter ended in June, helped by a strong performance in its investment banking division that more than ...

Malaysia sues Deutsche Bank, JP Morgan, Coutts over 1MDB

Malaysia 1MDB fund is suing units of Deutsche Bank and J.P. Morgan, and Coutts & Co Ltd to recover billions in alleged losses from a corruption scandal at the fund, court documents seen by Reuters...

Malaysia’s 1MDB, ex-unit seek recovery of $23 bln in assets

Malaysian state fund 1Malaysia Development Berhad (1MDB) and its former unit SRC International have filed 22 civil suits seeking to recover more than $23 billion in assets from entities and people all...

Malaysia's 1MDB, former unit file suits to recover $23 bln

KUALA LUMPUR (AP) — Malaysia's finance ministry said Monday that sovereign wealth fund 1MDB and a former subsidiary have filed 22 lawsuits to recover assets worth over $23 billion from various institu...

Malaysian ex-PM Najib vows to fight bankruptcy over tax bill

KUALA LUMPUR, Malaysia (AP) — Malaysia's former Prime Minister Najib Razak said he has received a bankruptcy notice for failing to pay $411 million in taxes, slamming it as a political move to wreck h...

Malaysian ex-PM Najib appeals graft conviction in 1MDB saga

PUTRAJAYA, Malaysia (AP) — A Malaysian court Monday began hearing an appeal by ex-Prime Minister Najib Razak to overturn his conviction and 12-year jail sentence linked to the massive looting of the 1...

Rapper in Taipei prepares for detention on return to Malaysia

TAIPEI (Taiwan News) — After a seven-month stay in Taiwan, popular Malaysian hip-hop artist Namewee predicted that he would be detained after returning home, in a sarcastic apology to the Malays...

Malaysian court orders graft trial of wife of ex-PM Najib to proceed

KUALA LUMPUR (Reuters) - A Malaysian court on Thursday ordered Rosmah Mansor, the wife of former Prime Minister Najib Razak, to enter a defence in a corruption trial linked to a multi-million dollar p...

Malaysia ex-PM's wife ordered to make defense in graft trial

KUALA LUMPUR, Malaysia (AP) — A Malaysian court Thursday ordered the wife of ex-Prime Minister Najib Razak to enter her defense in a corruption trial linked to a 1.25 billion ringgit ($310 million) so...

Editorial Roundup: US

Excerpts from recent editorials in the United States and abroad: ___ Jan. 20 The St. Louis Post-Dispatch on the inauguration of President Joe Bide...

New law cracks down on shell companies to combat corruption

MIAMI (AP) — For years as a federal prosecutor in New York, Daniel R. Alonso led teams that had to search through a maze of anonymously owned corporate entities to expose criminal activity. ...

Business Highlights

___ US jobless claims drop to 787,000, but layoffs remain high WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell last week to 787,000, a ...

Goldman Sachs subsidiary pleads to US charges in 1MDB probe

WASHINGTON (AP) — A subsidiary of Goldman Sachs pleaded guilty on Thursday and agreed to pay more than $2 billion in a foreign corruption probe tied to the Malaysian 1MDB sovereign wealth fund, which ...

AP Interview: Mahathir sees new role as powerbroker

KUALA LUMPUR, Malaysia (AP) — At 95, former Malaysian Prime Minister Mahathir Mohamad isn't yet done with politics. The veteran politician, who had returned to power in 2018 but las...