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LATEST

Why I left Pimco: Mohamed El-Erian

Departure

Mohamed El-Erian, former Pimco CEO and one-time heir apparent, told CNBC Monday that he left the investment giant because he wanted to do something different.

Former BofA chief to pay $7.5m settlement

Bank Of America Corner Signs

The New York State attorney general announced Friday that the office had reached a $7.5m settlement with Joe Price, the former chief financial officer for Bank of America, over allegations that the bank’s management withheld material information related to its 2008 merger with Merrill Lynch.

FCA fines Invesco for failings in fund management

Money Roll

The Financial Conduct Authority (FCA) has fined Invesco Asset Management Limited and Invesco Fund Managers Limited (Invesco Perpetual) £18,643,000 for exposing investors to greater levels of risk than they had been led to expect.

People News - C Suisse, JPMorgan, UBS

For Hire

Credit Suisse has named Christopher Conoscenti a managing director in its oil and gas group, as the investment bank builds up its energy team in the Americas, according to a memo obtained by Bloomberg News.

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