×

Bonds Municipal Bonds

  • Sept 23- The city of Miami and the U.S. Securities and Exchange Commission reached a tentative settlement after a jury found the city liable for securities fraud in the sale of over $150 million in municipal debt in 2009.. Lawyers for the SEC and the city said in a Thursday court filing that the proposed settlement would allow both sides to avoid further...

  • SHANGHAI, Sept 20- China's struggling Liaoning province, a bellwether for China's municipal debt, sold bonds on Tuesday at much higher yields than its peers but well below its 2016 highs, suggesting investors see little immediate threat of default. Liaoning is the only province in China in recession and is viewed by analysts as a test of the central government's...

  • Sept 19- New Jersey's Stockton University is ramping up plans, including a bond sale this week, to build a $178 million campus in Atlantic City, the state's financially distressed gambling hub. The Atlantic County Improvement Authority will issue nearly $128 million of municipal bonds on Thursday for Stockton University to fund construction of a new campus in...

  • LYNDHURST, N.J., Sept 15- New Jersey re-affirmed its support on Thursday for a $1.15 billion municipal bond deal to finish building a long-stalled mega-mall and entertainment complex after a lawsuit challenged the use of such tax-exempt public financing. Proceeds will fund construction of the $2.7 billion American Dream project in New Jersey's Meadowlands...

  • NEW YORK, Sept 15- The U.S. Securities and Exchange Commission's courtroom victory in a fraud case against the City of Miami will likely further embolden the agency in its years-long effort to more tightly regulate the $3.7 trillion municipal bond market, securities lawyers said. A jury took only a few hours on Wednesday to find Miami and its former budget...

  • MIAMI/ NEW YORK, Sept 14- The city of Miami and its former budget director were found liable by a Florida jury on Wednesday for engaging in a financial shell game in a case brought by the U.S. Securities and Exchange Commission stemming from a municipal bond sale. In a 2013 complaint, the SEC alleged that the city and Boudreaux violated the anti-fraud provisions of...

  • MIAMI, Sept 14- The city of Miami and its former budget director were found liable by a Florida jury on Wednesday for engaging in a financial shell game in a case brought by the U.S. Securities and Exchange Commission stemming from a municipal bond sale. Taking less than a day to deliberate, the jury found the city of Miami and former budget director Michael...

  • MIAMI, Sept 14- The city of Miami and its former budget director were found liable by a Florida jury on Wednesday for engaging in a financial shell game in a case brought by the U.S. Securities and Exchange Commission stemming from a municipal bond sale.

  • MIAMI, Sept 13- The U.S. Securities and Exchange Commission and the city of Miami squared off in Florida federal court on Tuesday, with the regulator accusing city officials of playing a financial shell game to cut costs on a $150 million municipal bond sale in 2009.. In a 2013 complaint, the SEC alleged that the city and Miami's former budget director, Michael...

  • CHICAGO, Sept 12- Chicago would sell up to $3.5 billion of revenue bonds this year for its O'Hare International Airport under proposals approved on Monday by the city council's finance committee. Mayor Rahm Emanuel proposed refunding up to $1.5 billion of general airport revenue bonds through Bank of America Merrill Lynch to save an estimated $187.2 million,...

  • By Nathaniel Taplin and Umesh Desai. SHANGHAI/ HONG KONG, Sept 6- When several large state-owned companies in China unexpectedly defaulted on their debts earlier this year, the government seemed determined to send a clear and unified message: it was time to get rid of zombie companies. But since then, China's signals have become increasingly contradictory and as...

  • WASHINGTON/ NEW YORK, Aug 31- President Barack Obama on Wednesday appointed a seven-member board to oversee a financial restructuring for Puerto Rico, a majority Republican panel that some market analysts saw as favorable for bondholders of the U.S. territory, which has been crippled by a $70 billion debt crisis. Among the board members, who Obama appointed on...

  • SHANGHAI, Aug 31- Municipal bond issuance under China's local government debt swap program touched 2.96 trillion yuan in the first seven months of the year, official news agency Xinhua reported on Wednesday, quoting China's minister of finance. That is nearly as large as the total swap volume for 2015, which was 3.2 trillion yuan. China will also strengthen risk...

  • Chicago Mayor Rahm Emanuel

    Chicago Mayor Rahm Emanuel unveiled on Wednesday a plan to save the city's biggest retirement system from insolvency.

  • NYSE New York Stock Exchange traders markets

    Fixed income strategist Mark Grant says a dip in global bond yields is herding investors to the U.S.

  • Best bets for your money

    Rick Keller, First Foundation Chairman, and Chad Schiel, Schiel Wealth Management, discuss their strategies for the current market environment.

  • Negative rates are creating financial turmoil around the world and opportunity in the U.S.

  • Demonstrators, protesting the state of Illinois budget stalemate, rally in the Loop before marching to the Chicago Board of Trade Building where they bolcked all of the entrances to the building on November 2, 2015 in Chicago, Illinois.

    Moody's Investors Service cut Illinois' credit rating by one notch to Baa2 with a negative outlook on Wednesday, citing a political stalemate.

  • A Boston public school student holds a sign while protesting proposed school budget cuts in Boston on March 7, 2016.

    It's hard to imagine a state in worse financial shape than Illinois, but three others face an even bigger fiscal mess.

  • Venezuela in freefall

    Discussing Venezuela's economy and debt with Hans Humes, Greylock Capital Founder & CEO, and Daniel Phillips, Director of Political and Macroeconomic Research at Callaway Capital.