Municipal finance chiefs are fighting to keep their troubled cities solvent. Sometimes it’s a losing battle.
Neil Wessan, group head of CIT Capital Markets, explains how the financing giant is staying disciplined in its underwriting.
Exclusions and fees can sour a financing.
Companies have taken advantage of investors’ growing willingness to buy speculative bonds.
A temporary solution to the budget battle may not be enough to reverse the ill effects of the federal government shutdown, say finance chiefs.
As Congress fails to repair the rift over raising the nation’s borrowing limit, smart companies are guarding against a liquidity crisis.
If Congress fails to lift the limit on America’s debts, the consequences are uncertain but definitely unpleasant.
By filing for Chapter 11 and settling fraud charges involving a former CFO, Anchor BanCorp tries to finally put the financial crisis behind it.
Jim Bonsall thinks the beleaguered city’s main growth engine is a workforce unafraid of violence and unlit streets.
Actor Patrick Dempsey of “Grey’s Anatomy” fame provided the flash behind the distressed sale of Tully’s Coffee. But an out-of-the-ordinary debtor-in-possession loan was the unsung hero.
The Basel Committee on Banking Supervision says its new formula would provide an “extra layer of protection” against bank blowups. But some U.S. regulators disagree.