Tag:
Debt Issue
Latest Headlines
Latest Headlines
Jon Corzine, MF Global CEO, eyes future in politics
It's not a big secret that MF Global chairman and CEO Job Corzine would like to get back into the political game. He is, after all, the former governor of New Jersey. And he has remained a fairly close advisor to and fund raiser for President Obama, so it is not out of the question.
It's not s
What to make of the credit rating agencies
Do credit ratings agencies matter anymore?
This is a relevant question given that credit ratings agencies find themselves featured prominently in the news. In some ways, the on-going U.S. debt ceiling story has been a PR win for the agencies, especially Standard & Poor's, because for t
Muni bonds avoid mass defaults
Recall Wall Street analyst Meredith Whitney, who sent a controversial jolt through the bond world when she forecast up 100 "sizable defaults" by local governments, amounting to hundreds of billions of dollars in a few years.
As Reuters notes, it hasn't turned out that way. Only 26 issues d
JPMorgan raises $1.6 billion
JPMorgan Chase was able to raise $1.6 billion to buttress its balance sheet, but the money did not come cheap. The preferred debt issue carries a whopping 8.7 percent interest rate. The Financial Times reports that this is the highest rate offered by the bank on preferred debt since the bi
