A $506 million bet on thousands of New York rent-stabilized apartments has already soured for bond investors. Mayor Zohran Mamdani’s...
Articles by Scott Carpenter and Owen McCarthy
Bankrupt subprime auto dealer Tricolor Holdings is preparing to sue the company’s founder for allegedly masterminding a massive fraud that...
Advanced Credit Solutions is a tiny finance firm based in Luxembourg that was founded by a Belgian and works with...
Private capital firms grappling with a moribund dealmaking climate are increasingly turning to a niche securitized product to raise cash....
Landlords for offices, apartment complexes and other commercial real estate have $1.5 trillion of debt due by the end of...
Yield-hungry insurance firms are adopting an unconventional strategy: they’re skipping mortgage-backed bonds and buying the underlying whole loans outright. It’s...
A federal court decision has raised new legal risks for a corner of Wall Street that bundles consumer loans into...
Representatives of the multitrillion-dollar insurance industry are hurling criticism at a proposal that could make it harder to invest in...
Bonds sold to help US utilities recoup losses from natural disasters are seeing an unprecedented boom, with the latest burst...
By the time he stepped down from Aon Plc at age 71, Patrick Ryan had earned a retirement fit for...