Meredith Whitney’s Fund Said to Drop 11% as Office Put on Market
Her American Revival Fund has lost money on electronics retailer Conn's Inc. and other poor bets, experts say.
How America Is Kicking Its Oil Habit
The U.S. is producing the most oil in 31 years, growth is accelerating and crude prices are plunging. So why is Americans’ petroleum use waning?
Citigroup Risk Executive’s Death Suspected as Suicide
Shawn D. Miller, a Citigroup Inc. executive who helped create an international standard for responsible lending, died from what police now suspect was a self-inflicted wound.
Janus Positioning to Gather Money as Gross Move Reshapes Market
Janus is in conversations with countless institutions and advisors as the firm seeks to grab some of PIMCO's outflows, CEO Richard Weil says.
Former PIMCO Parent Pacific Life Moves Accounts to Janus
Pacific Life is moving some money to Bill Gross’ new firm, Janus, which said the decision pre-dated Gross’ exit.
S&P 500 Pares Biggest Loss Since 2011; Bonds Trim Rally
Jittery markets go through wild ride but recover at close. S&P lost 3% but ended day down 0.8%.
JPMorgan, Wells Fargo, Citi Kick Off Q3 Earnings on Upbeat Note
The first day of third-quarter bank earnings kicked off Tuesday with a triple whammy.
Morgan Stanley to Absorb Customer Losses After Mutual Fund Snafu
Morgan Stanley will offer to swallow some losses incurred by customers who bought mutual funds after failing to make fund prospectuses accessible online.
BofA to Pay $16.65 Billion to End U.S. Mortgage Probes
The settlement, which includes $7 billion in consumer relief and a $5 billion penalty, is the harshest penalty yet related to the 2008 financial crisis.
Morgan Stanley Beats Estimates on Smaller Drop in Fixed Income: Q2 Earnings
Morgan Stanley saw a smaller drop in second-quarter fixed income trading revenue than Citigroup or JPMorgan.