Financials

Deutsche Bank Must Face Lawsuit Over Subprime Disclosures

A U.S. judge on Monday said Deutsche Bank AG must face part of a lawsuit claiming it deceived investors who bought more than $5.4 billion of preferred securities by concealing its exposure to the fast-deteriorating subprime mortgage market.

Deutsche Bank Must Face Lawsuit Over Subprime Disclosures

A U.S. judge on Monday said Deutsche Bank AG must face part of a lawsuit claiming it deceived investors who bought more than $5.4 billion of preferred securities by concealing its exposure to the fast-deteriorating subprime mortgage market.

Man Group CEO Manny Roman Named PIMCO's New Chief

Pacific Investment Management Co (PIMCO) has hired Emmanuel 'Manny' Roman, the chief executive of the world's biggest listed hedge fund Man Group, as it tries to reverse a slump in fortunes since co-founder Bill Gross left in 2014.

Man Group CEO Manny Roman Named PIMCO's New Chief

Pacific Investment Management Co (PIMCO) has hired Emmanuel 'Manny' Roman, the chief executive of the world's biggest listed hedge fund Man Group, as it tries to reverse a slump in fortunes since co-founder Bill Gross left in 2014.

Goldman Sachs 2Q Profit Jumps 78%

Goldman Sachs reported a 78 percent jump in quarterly profit as the Wall Street bank earned more from bond trading and its expenses fell.