Bank Groups Sue US Regulators to Halt Anti-Redlining Rules February 6, 2024 By Sally Bakewell Several industry groups sued US regulators to block recent overhauls to the Community Reinvestment Act, arguing the new rules meant...
Deutsche Bank to Pay $75 Million to Settle Epstein Suit May 18, 2023 By Joe Schneider and Sally Bakewell Deutsche Bank AG agreed to pay $75 million to settle a lawsuit in which victims of Jeffrey Epstein’s sexual abuse...
Allstate Posts Loss With ‘Exceptionally’ High Catastrophe Costs May 4, 2023 By Sally Bakewell Allstate Corp. posted a bigger first-quarter loss than analysts expected as higher premiums failed to offset rising auto costs and...
Regulators Warn But Slow to Fix Blind Spots on Rising Risky Corporate Debt June 11, 2019 By Sally Bakewell and Thomas Beardsworth The steady drumbeat of warnings over the surge in risky corporate borrowing is growing louder and louder. Time and again,...
Applied Systems Among Firms Layering Loans to Pay Equity Owners November 29, 2018 By Sally Bakewell and Kelsey Butler First the companies tapped the loan market. Not long after that, they came back for more. Corporations like Bausch Health...
CLO Fever: Small Insurer Bets Big on Booming Leveraged Loan Market November 27, 2018 By Sally Bakewell Advantage Insurance of San Juan, Puerto Rico, is no one’s idea of a financial colossus. But this little insurance company...
In Land of Negative Yields, Even Conservative Insurers Eye Junk Bond Investments May 5, 2015 By Anchalee Worrachate, Sally Bakewell and Katie Linsell The new fixed-income haven is, of all things, the market for junk bonds. With government securities in Germany to Japan...
Insurance Bill for Renewable Energy Seen Tripling to $2.8 Billion July 25, 2013 By Sally Bakewell Insurance costs for the renewable energy industry may more than triple to $2.8 billion by 2020 as projects become more...