Banco Popular de Puerto Rico

Asset managers are increasingly seeking new sources of returns as more than a quarter of investment grade bonds experience negative yields.

Some see a potential cure in a practice that’s commonplace from Italy to the U.K., but banned in the U.S.

After a year marred by huge legal fines, questions about succession planning and a deepening slump in share prices, CEO Sergio Ermotti unveiled a revitalized board and replaced wealth management co-head Martin Blessing.

The only remaining founder of GSO Capital has left to build a family office and find new opportunities to spend the wealth he’s amassed over 35 years.

The promotions broaden the pool of potential candidates to eventually succeed CEO Sergio Ermotti.

The fund’s losses stem from bearish wagers on global interest rates, according to a person familiar with the matter.

Pockets of job growth are offsetting some of the dramatic cuts at the world’s largest lenders.

In some ways, their investments are a microcosm of trends sweeping the wider market.

The underperformance is a rarity for the fund, which has beaten the benchmark for nine of the past 10 years.

The bank's performance puts it behind its largest U.S. competitors this year, signaling frustration in the market over the board’s quiet search.