Paul Scanlon News
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A gauge of U.S. corporate credit risk rose as a business survey from the Federal Reserve showed “moderate” growth in the economy and as analysts forecast a decline in corporate earnings.
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Ashish Malhotra has left Bank of America Corp. less than a month after the lender named him as head of its debt capital markets unit in Asia.
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Sung Eun Ahn, South Korea head at Bank of America Corp., resigned and will take a similar role at Deutsche Bank AG, two people with knowledge of the matter said.
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Bank of America Corp., the second- biggest U.S. lender, hired Richard Yacenda from Deutsche Bank AG as chief operating officer for Asia-Pacific, according to a memo obtained by Bloomberg News.
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Scott Page , who manages the top- performing bank-loan fund over the past five years, said the debt is still attractive after a two-year rally. Investors pouring record amounts into funds like his just should just temper their expectations.
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Bank of America Corp. hired George Lin from Credit Suisse Group AG as head of Asia consumer, retail and health-care investment banking, two people with knowledge of the matter said.
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Macquarie Group Ltd., Australia’s largest investment bank, hired Mack Kazi for its fixed-income, currencies and commodities business in Asia.
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Indian Finance Minister Palaniappan Chidambaram is planning a tour of Asia and Europe aimed at wooing investors to the nation, as a record current-account deficit threatens growth, four people with knowledge of the matter said.
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Michael Halloran, Asia-Pacific head of fixed-income, currencies and commodities at Bank of America Corp., plans to leave the firm after more than four years there, two people with knowledge of the matter said.
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Putnam Investments LLC named three money managers as co-heads of its fixed-income team, replacing Rob Bloemker, who is leaving the firm.
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