Institutional buyers have no more appetite for the debt or preferred equity of financial companies, the manager of the world's biggest bond fund said in an interview with CNBC's Erin Burnett. Bill Gross, who manages the $130 billion Pimco Total...

Bill Gross just appeared on CNBC to crush the rumor that Pimco was diminishing its exposure to Lehman Brothers either by reducing its trading positions with Lehman or reducing any investment in Lehman. In his comments he said that Pimco's...