Funding & Business
Pimco Sees Japan Wooing Capital as Tariffs Spur Diversification
Japan has emerged as a prime destination for global investors as the trade war triggers a reassessment of capital flows into the US, according to Pacific Investment Management Co.
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Kristie D’Ambrosio-Correll, Dacora Motors co-founder and CEO, says the company aims to build the best ultra-luxury electric vehicle. She tells Romaine Bostick and Katie Greifeld on “The Close” that given its volume and price range, the company is fairly insulated from tariffs. (Source: Bloomberg)
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Bank of America has promoted Jim DeMare and Dean Athanasia to co-presidents. Bloomberg’s Nina Trentmann tells Romaine Bostick and Katie Greifeld on “The Close” the move is part of a broader C-suite shakeup. (Source: Bloomberg)
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Bank of America is planning a shake-up of its senior leadership ranks in a move that narrows the slate of leaders who could one day succeed long-time CEO Brian Moynihan. The discussion involves expanding the role of Jim DeMare, who runs the firm’s trading business, along with promotions for other senior leaders, according to people with knowledge of the matter. Sridhar Natarajan has more on “Bloomberg The Close.”
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