The benchmark index doesn't reflect the true allocations of U.S. bond investors, and the industry needs to look again at corporate-bond index funds or rework the current index, says Vanguard founder Jack Bogle.
Credit Suisse Group AG sued its former vice president of emerging markets, Agostina Pechi, over claims she stole the bank's trade secrets in a bid to win clients for her new employer, Goldman Sachs Group Inc.
Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein is among the executives scheduled to meet with U.S. House Republican leaders on the so- called "fiscal cliff," according to a House aide.
Among recent actions by the SEC were charges against a French oil and gas company for bribery and against a Dallas-based trader for front-running. Also, a former Goldman Sachs vice president agreed to settle earlier pay-to-play charges.