2011 Jeffrey Gundlech Co-Founder and Chief Executive Officer and Chief Investment Officer of Doubleline speaks at the 16th Annual Sohan Investment Conference in New York on May 25, 2011. Reuters / Jessica Rinaldi Billionaire investor Jeff Gundlach, known as the “Bond King”, predicted in a RealVision interview published on Friday …
Read More »Morgan Stanley will buy Eaton Vance for 7 billion
Morgan Stanley M.S. 2.03% It said it was buying fund manager Eaton Vance for billion 1 billion just days after completing the takeover of discount broker E * Trade Financial Corp. to continue to move away from trading toward stable and simple businesses such as the company’s money management. The …
Read More »Regulators have fined Citigroup 400 400 million over ‘serious ongoing deficiencies’
Citigroup was fined by federal banking regulators on Wednesday Inc. C 0.97% Million 400 million and ordered the country’s third-largest bank to improve its risk-management systems, citing “significant ongoing shortcomings.” The consent order, approved by the board of New York Bank, blamed Citigroup for a reduction in “various areas of …
Read More »The Fed’s Kashkari has warned that delayed stimulus would have “terrible consequences”
Minneapolis Federal Reserve President Neil Kashkari became the latest central banker to warn against further stimulus in the US economy, saying the cost behind doing anything could not be huge. As tensions escalate in Washington, Kashkari told CNBC that workers, businesses and governments need more cash from Congress. “There are …
Read More »Billionaire Ray Dalio explained how to invest in China
SINGAPORE: Many investors have cut ties with China in 2020. But a billionaire hedge fund manager has a strategy that starts with “balance”. “The way to play the Chinese market is to build a diversified portfolio first,” Ray Dalio told CNBC’s “Street Signs Asia” on Wednesday. That, he said, means …
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