February 6, 2024
Several industry groups sued US regulators to block recent overhauls to the Community Reinvestment Act, arguing the new rules meant to tackle redlining and boost lending to lower-income areas will actually discourage banks from lending. The American Bankers Association, U.S. …
May 18, 2023
Deutsche Bank AG agreed to pay $75 million to settle a lawsuit in which victims of Jeffrey Epstein’s sexual abuse accused the bank of facilitating his sex-trafficking operation, according to attorneys for the plaintiffs. Deutsche Bank agreed to settle after …
May 4, 2023
Allstate Corp. posted a bigger first-quarter loss than analysts expected as higher premiums failed to offset rising auto costs and soaring catastrophe losses. The company reported a $342 million loss on an adjusted basis for the period, compared to profit …
June 11, 2019
The steady drumbeat of warnings over the surge in risky corporate borrowing is growing louder and louder. Time and again, regulators in the U.S. and Europe have pointed to the hazards of businesses taking on too much debt. At issue …
November 29, 2018
First the companies tapped the loan market. Not long after that, they came back for more. Corporations like Bausch Health Cos., a drugmaker, telecom provider Sprint Corp. and Applied Systems Inc., an insurance software provider, borrowed again this month after …
November 27, 2018
Advantage Insurance of San Juan, Puerto Rico, is no one’s idea of a financial colossus. But this little insurance company is making a giant bet on some of the hottest investments around: collateralized loan obligations. That a company with about …
May 5, 2015
The new fixed-income haven is, of all things, the market for junk bonds. With government securities in Germany to Japan and Ireland yielding less than nothing, money is pouring into exchange- traded funds that buy speculative-grade debt, traditionally the riskiest …
July 25, 2013
Insurance costs for the renewable energy industry may more than triple to $2.8 billion by 2020 as projects become more complex and risky, a report commissioned by Swiss Re Ltd. found. The report by Bloomberg New Energy Finance examined markets …