KILIFI, Kenya (AP) — Five bodies were exhumed from shallow graves in coastal Kenya, at a site near where more than 400 bodies of followers of a doomsday cult were recovered two years ago.
Government pathologist Dr. Richard Njoroge on Thursday said 10 human body parts were also recovered, scattered in nearby thickets at Kwa Binzaro area in Kilifi County, about 2 kilometers (1.5 miles) from the site of the Shakahola cult, and that the exhumation would continue on Friday.
The exhumation exercise, led by homicide detectives, forensic experts, and pathologists, also uncovered 27 suspected mass graves, raising fears that more bodies could be buried in the area as investigations into the cause of death begin.
In 2023, more than 400 bodies were exhumed from shallow graves in the Shakahola area of Kilifi County, where pastor Paul Mackenzie instructed his followers to starve themselves to death in order to "meet Jesus." He was arrested and charged with murder, and is in custody awaiting trial.
Eleven people, believed to be former followers of Mackenzie, have been arrested in connection with the new discovery of bodies but have not yet been charged.
Religious organizations, including some mega-churches, have in the past been investigated in Kenya for suspected cult-like practices, such as barring followers from seeking medical treatment and pursuing education.
FILE - Police officers stand near a cordon at the scene where bodies of victims of a Christian cult are being exhumed in a forest in the Shakahola area, near Malindi town, Kenya, Tuesday, April 25, 2023. (AP Photo/File)
FILE - Former Kenya Interior Minister Kithure Kindiki, center, in a white shirt, inspects graves where victims of a Christian cult are buried in the Shakahola forest, near the tourist town of Malindi, Kenya, Tuesday, April 25, 2023. (AP Photo/File)
FILE - Police and local residents load the exhumed bodies of victims of a religious cult into the back of a truck in the village of Shakahola, near the coastal city of Malindi, in southern Kenya, Sunday, April 23, 2023. (AP Photo/File)
NEW YORK (AP) — A surging stock market and a flurry of deal making padded the profits of Wall Street's two big investment banks, which both saw a double-digit jump in profits in the fourth quarter.
Goldman Sachs's net earnings rose 12% from a year earlier, posting a profit of $4.62 billion, or $14.01 a share. Meanwhile Morgan Stanley said it earned $4.4 billion, or $2.68 per share, compared to a profit of $3.71 billion, or $2.22 per share, compared to a year earlier.
Wall Street has been bolstered by the Trump administration's deregulatory policies, which has led corporations to seek out mergers and acquisitions, as well as the surge of investor interest in artificial intelligence companies and those who stand to benefit from the mass adoption of technologies like ChatGPT.
Fourth-quarter investment fee revenues over at Goldman were up 25% year-over-year and Morgan Stanley saw a 47% jump in revenue in its investment banking division. Both banks said their investment fee backlog, which is a signal of how much deal making is still pending that banks are working on, increased significantly in the fourth quarter.
Goldman and Morgan's results reflect the strong earnings out of the other big banks that reported their results this week. JPMorgan Chase, Bank of America and Citigroup all saw jumps in fourth-quarter profits, but their results were dampened by the ongoing tensions that Wall Street is having with the White House over the issue of the independence of the Federal Reserve and President Donald Trump's interest in capping credit card interest rates at 10%.
Along with a strong investment banking performance, Goldman Sachs also agreed to sell off its Apple Card credit card portfolio to JPMorgan Chase last week, effectively exiting its brief experiment in consumer banking. The bank sold the credit card portfolio at a discount to JPMorgan, a sign of how desperately Goldman wanted to exit the business and put the Apple Card behind it.
This story has been corrected to show that Morgan Stanley's investment banking revenues rose 47%, not 22%.
FILE - Electronic signage is shown at Morgan Stanley headquarters, Thursday, March 4, 2021 in New York. (AP Photo/Mark Lennihan, File)
FILE - In this Dec. 13, 2016, file photo, the logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange. (AP Photo/Richard Drew, File)
