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'Bond King' mistiming sparks Pimco decline

Bill Gross Interview Pic

Bill Gross, the money manager known as 'The Bond King', misjudged the timing and impact of the Federal Reserve’s plan to scale back its asset purchases in 2013, spurring the Pimco Total Return Fund’s biggest decline in almost two decades.

Top firms help clients fend off activist investors

Activist investors determined to shake up the way companies do business are amassing record cash for their campaigns, and now investment banks are advising clients how to anticipate and thwart such vocal investors before they even show up.

JPMorgan settles Pittsburgh lawsuit

Jamie Dimon

JPMorgan agreed to settle a Pittsburgh lender’s lawsuit after a judge ordered the bank to turn over the government’s draft complaint at the centre of its $13bn deal with regulators.



Arrest By Bus

Banks face compliance staff exodus

Banks could face an exodus of crime-fighting staff, as most compliance officers – who are responsible for making sure banks obey the law – want to quit their jobs.

UBS HQ archway

People News: UBS

UBS has hired Abudy Taha, formerly of Credit Suisse, as a managing director in leveraged-finance and capital markets.