Economists seem split on whether major inflation is coming as the Federal Reserve once again backed away from raising interest rates, sending bond markets higher.
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The European Central Bank said it would step up its bond-purchase stimulus to support an economy whose recovery is expected to lag a year behind the U.S., held back by slow vaccine rollouts and less relief spending by governments.
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The industry warns that bait-and-switch tactics could endanger trillions of dollars in debt and push local governments “off the precipice.”
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A former Houston police captain accused of pulling a gun on a man he thought was involved in a ballot-harvesting scam said he is giving up private investigative work at a bond hearing Friday.
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Most babies born in New Jersey next year will get a $1,000 bond, Governor Phil Murphy announced Wednesday, acting on a plan to narrow the Garden State’s income gap.
Read moreThe pioneer of Pullman Bonds, which are tradable securities backed by future royalties to musical recordings and compositions, claims in a federal complaint that the Isley Brothers sold rights to their songs behind their back after Pullman had negotiated exclusive rights to the songs in the late ’90s to save the band and its members from financial ruin.
Read moreNew Jersey’s Covid-19 Emergency Bond Act is constitutional, a state’s supreme court ruled. The law authorizes the state to borrow up to $9.9 billion to make up for the tax revenue shortfall created by the pandemic.
Read moreContrarian Emerging Markets and the GMO Emerging Country Debt Fund hit Ecuador with a $17.4 billion federal complaint, alleging “violations of the federal securities laws arising from a coercive exchange, or tender offer for $17.4 billion of the Republic’s outstanding bonds … based on materially false and misleading statements made by the Republic.”
Read moreThe coronavirus pandemic is not just infecting hundreds of thousands of Europeans – it’s also attacking the pulmonary system of Europe’s politics and economies and badly sickening the European Union, a massive but fragile experiment in multinational democracy and borderless landscapes where people and goods move with few restraints.
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The Federal Reserve announced Monday it would take supportive measures, including expanding bond purchasing programs, to boost credit access for American families and businesses.
Read moreBondholders who lost more than $190 million in the Puerto Rico financial crisis lost again in the First Circuit late Thursday when the court rejected their attempt to recoup the money from the Puerto Rico government.
Read moreThe Chicago Transit Authority Retiree Health Care Trust sued Dilworth Paxson LLP, its former attorney Timothy Anderson, and Greenberg Traurig LLP in Cook County Court, claiming they were negligently involved in “the issuance of $43 million in worthless bonds … to unwitting public pension funds.”
Read moreIn June of 2016, in response to one of the worst financial crises in Puerto Rican history, President Barack Obama tapped seven people for an oversight board tasked with consolidating debt and pension liabilities that had ballooned to $120 billion.
Read moreCalifornia voters will soon decide whether to provide outdated schools and universities with a $15 billion facelift under legislation signed Monday by Governor Gavin Newsom.
Read moreThe Louisiana attorney general claims in federal court that Bank of America, Barclays Bank, CitiGroup, Deutsche Bank, et al. conspired “to fix the prices of unsecured debt issued by government sponsored entities,” including Fannie Mae, Freddie Mac, and Federal Home Loan Banks.
Read moreA federal judge denied large banks’ request to dismiss the GSE Bonds antitrust class action alleging the banks conspired to fix secondary market prices of bonds issued by government-sponsored entities.
Read moreThe SEC claims in federal court that Michael C. Hild, 43, of Richmond, Va., pocketed “more than $24 million in compensation which was funded wholly or substantially by the ill-gotten gains” that his co-defendant company Live Well Financial “obtained through its mismarking scheme” involving bonds and reverse mortgages.
Read moreLess than a decade ago, California served as an economist’s cautionary tale about out-of-control spending, unfunded liabilities and unbalanced budgets.
Read moreStock markets on both sides of the Atlantic saw hefty losses Wednesday, gripped by fears for the global economy only a day after enthusiasm over possible detente in an ongoing US-China trade war had given them a dizzying lift.
Read moreMalaysia filed criminal charges Friday against 17 current and former executives of three Goldman Sachs subsidiaries, piling further pressure on the Wall Street titan over the multibillion-dollar 1MDB scandal.
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