Far fewer women than men are promoted in the finance industry unless they first ask for seniority, a sign of institutional gender bias, according to a new study in Australia. The survey of 2,000 finance industry professionals showed 76% of…
(Bloomberg) -- High-yield bond default rates may double as companies struggle with a protracted economic downturn even as the Federal Reserve props up valuations, said Jeffrey Gundlach.The investment grade corporate debt market has skewed toward lower quality BBB- rated debt,…