Morgan Stanley Agrees to $2.6 Billion Mortgage Settlement With US
Other firms have agreed to spend more than $35 billion over issues tied to the ’08 financial crisis.
Housing Market May Never Recover
Despite government aid, rock-bottom interest rates and enthusiastic overseas buyers, housing may never spring back to its pre-recession levels.
BlackRock’s Rieder Fund Snags PIMCO Assets
Rieder, who runs the $4.1 billion fund, has delivered 7% over the past year, making it the top bond fund.
Lobbyists Gear Up to Prod New Congress on User Fees, Retirement, Cybersecurity
The IAA, for one, sees an opportunity to gain Republican support for an SEC user-fees bill.
New Hire Roundup: Marc Seidner Joins PIMCO as Managing Director
Also, BlackRock has named Chip Castille chief retirement strategist, a new position.
AIG Shareholders Still Want a Nicer Bailout
Why would anyone call Paulson, Geithner and Bernanke to testify on Delaware’s corporate governance standards for reverse stock splits? There's something else going on here.
PIMCO’s Ivascyn to Challenge Gross With Unconstrained Fund
The new group CIO is about to go head to head with Bill Gross in the fastest-growing segment of fixed income: unconstrained funds.
9 Reasons Why Alan Greenspan Is Wrong About Everything
Former Federal Reserve Chairman Alan Greenspan recently laid out nine reasons the economy stinks. Here’s why he’s wrong, according to New York Life’s John Kim.
Top Portfolio Products: Hartford Funds Launches Global Long/Short Fund
Meanwhile, Invesco introduces a fund focused on master limited partnerships.
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.