Tag:
PIMCO
Latest Headlines
Latest Headlines
MBS fallout could hit Wells Fargo, JPMorgan
Recall the controversial $8.5 billion settlement between Bank of America and a group of investors--including the likes of PIMCO, Blackrock, the Federal Reserve Bank of New York and other big names--was initially hailed as a huge victory for Bank of America.
But the fallout was swift. Other inv
Is Bank of America's other putback deal now also souring?
Bank of America has been the target of lots of angst over its $8.5 billion deal to settle putback claims with blue-chip bondholders, the likes of PIMCO and BlackRock. As other investors and the New York Attorney General continue to fight the deal in court, the once-sweet deal seems to be souring.
New York AG complicates Bank of America putback settlement plans
It looked like quite a coup when Bank of America announced a deal in June to settle putback claims with a marquee list of bond holders. The agreement called for the maligned bank to pay just $8.5 billion to settle claims on mortgage-backed securities that comprised roughly $175 billion in unpaid p
Bank of America to take charge to cover settlements
One big question hanging over the all the talk of Bank of America's putback claims settlement with big-name bondholders like Blackrock, PIMCO and others was just how expensive the $8.5 billion settlement would be.
There was confusion about whether the settlement would require massive new reser
Bank of America's deal with bondholders could clear up uncertainty
One of the big issues hanging over the Bank of America ( NYSE:BAC ) stock price has been the uncertainty over possible settlements with RBS holders demanding putbacks.
It was huge news back in October when the likes of PIMCO, Blackrock, the Federal Reserve Bank of New York and others sued Ba
Bill Gross tries new tack with new fund
The PIMCO Total Return has been nothing short of spectacular, having produced average annual returns of 8.42 percent since starting up in May 1987, a performance that ranks it seventh out of 353 bond funds, according to Investment News . That fund has beat its benchmark, the Barclays Capital U.
Bank of America faces more bond putback fury
The putback requests for bonds that include troubled Countrywide-originated mortgages keep mounting for Bank of America, even as the bank tries to forge a settlement with a group of influential bondholders led by PIMCO, BlackRock and the Federal Reserve.
The Pimco-led group made headlines rece
Bill Gross signals end of the great bond bull market
It's been a great year for bonds. Convertible bonds have generated a 16 percent return so far this year. High-yield bonds have generated a 14 percent return. And rated corporate bonds have generated an 8 percent. But Bill Gross is signaling that the end of the bond bull may be at hand, notes the
Bill Gross buys PIMCO muni-bond funds with personal money
Insider purchases are often seen as a bullish sign. It says something when an executive spends his own money to buy his firm's stock at market prices. We suggested that bank executives, at the height of the crisis, purchase shares as a vote of confidence, though few took us upon that.
What abo
The rise of fat tail funds
The financial crisis has given rise to a lot of talk about fat tail risk, which might be seen as events with a probability of occurring at least three sigmas away from the average. A crop of hedge funds has arisen that give investors a chance to hedge against these events.
London-based Capula
