Pimco's flagship Total Return Fund saw an estimated $23.5 billion in outflows in September, the investment firm said Wednesday.
Brian Moynihan elected Chairman of the Board of Directors.
Global ECM activity up 27%
Global syndicated lending increases 9% from 2013
Growth in the world’s $70tn (£43tn) shadow banking system is a risk to financial stability and monitoring of the sector is inadequate, the International Monetary Fund has warned.
One of the City’s biggest fund managers – Legal and General – is calling on the 350 biggest companies on the stock market to step up their efforts to fight cybercrime.
Partners at EY’s UK business will receive an average £727,000 share in profits after a year in which a revival in mergers and acquisitions and company flotations boosted revenues.
Firm to focus on core activities.
A Deutsche Bank executive, fired over allegations he sexually harassed female colleagues, said in a lawsuit that he was the one who suffered discrimination.
Morgan Stanley has promoted Andy Kearns and Drew Guevara to co-heads of technology banking, replacing Paul Chamberlain, who’s retiring after 26 years with the firm.
Increasingly complicated regulation is bulking out the pay packets of those who keep companies on the straight and narrow, according to research shown exclusively to City A.M., but advances in technology could force a shakeup in what the typical role looks like.
Economists at Morgan Stanley are becoming increasingly worried the global economy is teetering on the brink of recession.
Japan's central bank kept its powder dry at its March policy review on Tuesday, with economists only expecting further stimulus in July as the central bank waits to assess the impact of its uncharted entry into negative interest rates.