Bill Gross says Pacific Investment Management Co. will smoke its competitors by year-end. Tobacco bonds from Ohio to California may help ignite returns at his flagship fund.
Rob McKenna, Washington State’s former attorney general, joined Orrick, Herrington & Sutcliffe LLP as a partner in Seattle and co-chairman of the firm’s public policy group.
A group of 37 state and territorial attorneys general urged the U.S. Senate to confirm Richard Cordray as the first director of the Consumer Financial Protection Bureau.
The U.S. Consumer Financial Protection Bureau is considering action to limit the impact of payday and other short-term loans that can become “debt traps” for borrowers, said Director Richard Cordray.