BofA's Ken Lewis agrees to three-year ban

Bank Of America Corner Signs

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.

Pimco Chief accuses outgoing CEO of trying to undermine him

Bill Gross Interview Pic

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.

Is it much better to be in stocks than bonds?


The performance of U.S. equities has far surpassed the debt markets so far this year, and investors are hoping the trend will continue. But do stocks really have that much of an edge over bonds?