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Law firms paying out hefty bonuses

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Law firms are again paying big annual bonuses to lawyers who have put in years of working long hours on corporate deal documents, litigation papers and complex contracts.

Court revives CDO case against UBS


A New York state appeals court on Tuesday revived a lawsuit accusing UBS of fraudulently causing $331m of losses from collateralised debt obligations issued before the financial crisis.

Pimco fund redemptions slow

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Pacific Investment Management Co.’s biggest mutual fund suffered $9.5bn in withdrawals in November, the second full month after the surprise departure of former manager Bill Gross.