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Tag: PIMCO

Neel Kashkari

The Federal Reserve of Goldman Sachs

With the appointment of Neel Kashkari as President of the Federal Reserve Bank of Minneapolis, former Goldman Sachs executives will hold 4 of the 5 Fed Presidents’ seats on the powerful Federal Open Markets Committee that controls U.S. interests rates.

Bill Gross of PIMCO (Jim Young / Reuters)

Bill Gross Sues PIMCO for $200 Million

Former PIMCO boss Bill Gross has just filed a lawsuit against PIMCO seeking $200 million and claiming to be a victim–despite the company receiving a “Wells Notice” warning that the Securities and Exchange Commission (SEC) is investigating potential criminal violations in investment performance reporting during Gross’s tenure.