The firms say bonds are poised to fall and traders aren't prepared for how far the Federal Reserve will raise interest rates.
Dow average sinks more than 200 points as banks slide
Signs of distress in financial markets are gathering force as concern over the state of the global economy deepens.
Janet Yellen is preparing to walk a tightrope.
U.S. stocks rose in choppy trading, while Treasuries and the dollar were little changed as Janet Yellen indicated the Federal Reserve won't be in a rush to tighten monetary policy amid heightened financial-market turmoil. Strength in the yen spurred intervention warnings.
A new study finds about 13 million Americans have squirreled away a checking, savings or credit-card account from live-in partners.
Laurence D. Fink, chairman of BlackRock Inc., the world's largest money manager, said as many as 400 energy companies may not survive because oil prices are not high enough for them to meet their debt obligations.
Bill Gross at Janus says that when central bankers stop printing money, investors will be left holding an empty bag.
Banks are watching wealthy clients flirt with robo-advisers, and that's one reason the lenders are racing to release their own versions of the automated investing technology.
This year foreign traders have been pulling out of Tokyo's stock market for 13 straight weeks, the longest stretch since 1998.
