Shares of MBIA, Assured Guaranty and Ambac Financial spiked after a Puerto Rico rescue package passed the Senate.
The bill to help Puerto Rico with its debt crisis moves to the Senate after the U.S. House passed the bill with bipartisan support.
William Fallon, MBIA President & COO and National Public Finance Guarantee CEO, talks about the debt crisis in Puerto Rico and the insurance his division has on Puerto Rico bonds.
MBIA says it is exposed to almost $4 billion, but hasn’t yet taken a hit on defaulted debt.
Bankruptcy consultant Alvarez & Marsal will replace the distressed debt investor at Zohar funds.
Lynn Tilton is stepping down as collateral manager of her debt fund used to support her PE firm's portfolio companies.
Puerto Rico's governor unveiled an extraordinary fiscal measure in order to avoid defaulting on its debt.
Money managers, value investors and analysts are eyeing Dec. 1, when $355 million of notes issued by the Government Development Bank come due.
The way each of the debt deadlines played out may leave holders of Puerto Rico's paper with more questions than much-needed answers.
Puerto Rico faces three major debt-related deadlines next week, all with potentially severe monetary consequences.
As the heart of earnings season nears, traders expect that stocks will generate outsized moves.
Several days after Puerto Rico's governor declared his island's debts "not payable," a spate of borrowers there indicated just the opposite.
Puerto Rico, for the moment, avoids falling into further financial crisis as concerns linger that it cannot pay its obligations.
With Puerto Rico saying it can't pay its $72 billion debt, bond investors worry whether bond insurers can cover a looming default.
Puerto Rico isn't turning out to be the golden investment opportunity hedge funds and other big money investors once thought it was.
CNBC's Jim Cramer explains why the Puerto Rico situation is more important than Greece or China.
All eyes are on Greece's impending default, but Societe Generale's Larry McDonald says it's another crisis that threatens the financial market.
As Puerto Rico's dire fiscal and economic situation becomes more acute, it could see its population decreasing even further.
The White House said Monday it is not contemplating bailing out Puerto Rico from its financial hole.
The "Halftime Report" traders give their top trades.