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.
The $1.65bn standoff between Argentina and hedge fund mogul Paul Singer is threatening to take a hostage: the Bank of New York Mellon.
U.S. authorities in Puerto Rico are investigating allegations that a former UBS broker improperly advised clients to borrow money to make investments, a person briefed on the probe told Bloomberg.
How do you make big banks safer ? Here's an idea: Pay executives in long-term bonds.
Two BNP Paribas mortgage-bond traders who invested money for the bank left the lender’s New York securities unit last month, according to four people with knowledge of the departures.
Bill Gross’s Pimco Total Return Fund suffered its 11th straight month of withdrawals in March as the world’s largest bond fund trailed peers, according to Morningstar.
The new year has not been kind to Bill "Bond King" Gross, but he is not alone.
Former Bank of America Chairman Kenneth Lewis agreed to a three-year ban on serving as a public company’s officer or director and to pay $10m to settle claims by New York’s attorney general that he misled investors about the bank’s 2009 purchase of Merrill Lynch.
Bill Gross, the co-founder and co-CIO of Pacific Investment Management Co, has accused departing CEO Mohamed El-Erian of seeking to 'undermine' him by talking to The Wall Street Journal about deepening tensions between the two executives who have been jointly running the world's largest bond house.