Treasury Secretary Timothy F. Geithner, the last member of the Obama administration’s original economic team, said he doesn’t expect to remain in office if the president is re-elected.
U.S. Securities and Exchange Commission Chairman Mary Schapiro may have to revise her plan for hiring the agency’s next internal watchdog after at least three commissioners demanded greater say in the process, according to two people familiar with the matter.
Pimco’s Bill Gross bet on debt of big U.S. banks last year, his worst against peers. DoubleLine Capital LP’s Jeffrey Gundlach cut bank bonds in May, dodging their second-half slide and beating 99 percent of rivals.