Companies

Recent

NY judge ordered a unit of Allianz SE to pay about $6 billion as punishment for misrepresenting the investment risk posed by a group of hedge funds.

Pacific Investment Mgmt. has decent record of betting on distress. Almost decade ago firm managed cope with chaotic departure of founder Bill Gross.

Schwab Asset Management is seeking to draw investors to its high-yield bond exchange-traded fund with one of the lowest fees in the industry.

BofA agreed to pay $150 million in fines to U.S. regulators and over $100 million to harmed consumers to settle claims

Citigroup on Monday downgraded U.S. stocks in anticipation of a pullback in growth stocks and a recession in the fourth quarter of the year.

Parent company of the failed SVB is suing the FDIC to recover $1.9 billion regulators seized from the lender in March.

AI-driven gains can propel Microsoft Corp. to join Apple Inc. in the elite category of stocks with a market capitalization of more than $3 trillion.