The firm will expand its operations in New York, Boston, San Francisco and Palm Beach, Florida.
Banks have generated about $2.5 billion from climate-focused financing so far this year, compared with $2.2 billion from their work with oil, gas and coal companies.
The stalwart strategy for investing is far from dead say Wall Street experts.
Talks are said to be underway. Sale would catapult the firm’s status.
Speculation growing of intervention to support weakening currency.
New York firm has already deployed $6B into the investment strategy.
The setup can result in larger firms offering customers better transaction prices than smaller ones, SEC Chair Gary Gensler said.
Revenue from the fixed-income trading business slumped 11% and, along with muted fees from dealmaking, caused a drop in net income.
The firm and trade association petitioned the court regarding the Consolidated Audit Trail.
Strategists warn that further escalation could derail growth.
