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BNP Paribas profit rises

BNP Paribas Logo

BNP Paribas posted better-than-expected 17.5 percent growth in first-quarter net income on Thursday as the French bank saw a long-awaited revival in euro zone loan demand.

PIMCO names Ben Bernanke as senior advisor

Ben Bernanke

PIMCO has announced that Dr. Ben Bernanke, former Chairman of the Federal Reserve, will serve as a senior advisor to the firm, contributing his economic expertise and insights to the firm’s investment process and periodically engaging PIMCO’s clients.

Goldman Sachs loses partners

Exit Sign

Twenty-two Goldman Sachs partners left the firm or gave up its highest rank since August, including Jim Katzman, a banker who guided Botox maker Allergan’s $66bn sale to Actavis.