Allan Sloan

A close-up of one deal shows how subprime mortgages went bad.

In both breakups and inversions, Wall Street is giving corporate customers what they want, meanwhile reaping a rich harvest of financing fees and trading profits from these deals.

Here’s a simple and obvious way for companies to indirectly use cash to fund U.S. investments and create jobs.

Gross’ clout within Pimco had been weakened by market share declines in the two funds that he managed directly. When you used to be a big producer but no longer are, you turn from a phenomenon into a problem.

The abdication of Bill Gross, the erstwhile king of bonds, has done something you rarely see: It’s brought intrigue to the world of fixed income and made it fun to write about. Gross, as you know, bailed out of ­Pimco, which he had built into the leader in actively managed bond mutual funds, to join […]