Wall Street

Wall Street’s biggest firms are cozying up to Democratic Presidential nominee Joe Biden and appear to be rolling the dice that if the former vice president wins the White House in November, his talk about raising taxes on investors and big corporations, is a lot of hot air.

Big money investors have over the last six months poured cash into the markets at the fastest pace in 17 years as they fretted over COVID-19 and the upcoming presidential election, according to a new survey from Bank of America.

Citigroup says profit fell 34% in the third quarter due to weakness in its consumer banking division, as the pandemic continues to make it tough for millions of Americans and businesses to pay their bills.

Both Black and Apollo have moved quickly to distance themselves from Epstein following the allegations.