Financials

Trump lawyer denies Deutsche Bank got subpoena on Trump accounts

A U.S. investigator probing alleged Russian interference in the 2016 election asked Deutsche Bank for data on accounts held by President Trump and his family, a person close to the matter said, but Trump’s lawyer denied any such subpoena had been issued.

Goldman Sachs 2Q Profit Jumps 78%

Goldman Sachs reported a 78 percent jump in quarterly profit as the Wall Street bank earned more from bond trading and its expenses fell.

Chesapeake Partners Shuts Down Citing Government Regulation

Chesapeake Partners, a $1.4 billion hedge fund that bet on special situations including mergers, bankruptcies and spin-offs, is shutting down after an 18-month stretch of losses, as it blamed government regulation for making investing tougher.

Goldman Picks Its New Lieutenants

Goldman Sachs plans to elevate David Solomon and Harvey Schwartz to be top lieutenants to Chief Executive Lloyd Blankfein.