Daiwa Securities Group has closed its London principal-trading desk for convertible bonds as Japan’s second-largest brokerage reviews the profitability of its operations abroad.
Now for some cheery news from the banking sector.
Investors hope the Bond King can remake himself as a team player.
Bill Gross learnt his nous for numbers counting cards at the blackjack tables of Las Vegas.
Bill Gross, the world renowned investor known as the ‘bond king’, has dramatically quit the $2tn investment firm he set up more than 40 years ago due to “fundamental differences” with the company.
A lawyer for Citibank said the government of Argentina has 'a gun to our head,' threatening the forced takeover of its branch in that country if the bank obeys a U.S. judge’s order blocking it from making payments to holders of $8.4bn in Argentine bonds.
The European Central Bank surprised markets on Thursday with fresh measures to boost a flagging eurozone economy threatened with deflation and the risks of an escalating conflict in Ukraine.
Here’s a grim forecast to consider: It may be 2021 before you make any money on investment-grade bonds again.
The Tokyo High Court ordered payment of compensation for losses totalling $140 million.
Credit Suisse bought $3.7bn of U.S. mortgage securities in the largest auction of its type since at least 2010, according to a person with knowledge of the offering.