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New recruit John Swift brings Jaap Stam’s Reading quick return to beat Preston

Reading's manager Jaap Stam

Jaap Stam won the treble during his first season as a player in England, and although the former Manchester United defender’s first campaign as a manager in the country cannot end in similar glory, there was enough in this debut to encourage the Dutchman and fans of his new club. Reading, 17th in the Championship last season, played with verve and purpose and deservedly beat Preston thanks to a fine goal by another impressive new signing, 21-year-old midfielder John Swift.



Pimco Logo

PIMCO appoints next CEO

PIMCO has announced that the firm’s Managing Directors have appointed Emmanuel (Manny) Roman as PIMCO’s next Chief Executive Officer.

English money

Ex-UBS trader banned for currency rigging

The U.S. Federal Reserve banned former UBS trader Matthew Gardiner from the banking industry for life for rigging currency benchmarks, the first U.S. penalty against an individual in the three-year investigation.