Hospital’s Ransomware Attack Exposes New Risk for Muni-Bond Issuers February 6, 2020 By Mallika Mitra Hackers have finally done what bond issuers may have feared most from cyber criminals. A ransomware attack on Pleasant Valley...
Supreme Court Declines to Hear Bonds Dispute in Puerto Rico Bankruptcy January 14, 2020 By Karen Pierog The U.S. Supreme Court on Monday declined to take up a dispute that has roiled the $3.8 trillion U.S. municipal...
After Tax Cuts, Insurers Shy Away from Muni-Bonds May 18, 2018 By Katherine Chiglinsky, Romy Varghese and Brian Louis Some of the biggest U.S. insurers reduced their holdings of state and local government bonds after the corporate tax cut...
Why Tax Cuts May Curb Insurers’ Municipal Bonds Appetite February 12, 2018 By Amanda Albright Put on the Taylor Swift and pull out the Ben & Jerry’s ice cream: The municipal-bond market’s long relationship with...
Tax Act Could Pose Challenge for Municipal Bond Market December 22, 2017 By Karen Pierog The U.S. municipal bond market emerged bruised but not decimated by the federal tax bill that won final approval in...
Insurers Caught In Municipal Bond Slump While Awaiting Trump Tax Plan February 28, 2017 By Sonali Basak, Romy Varghese and Lisa Du The disruption in the municipal bond market is punishing some of the most loyal buyers of the debt. The insurance...
ACA Financial Sues Virginia City Over Muni Bond Default June 15, 2016 By Darrell Preston The Blue Ridge mountain hamlet of Buena Vista, Virginia, is in danger of having its City Hall, police headquarters and...
Some European Insurers, Pension Funds Build Loan Books to Rival Banks May 27, 2015 By Simon Jessop and Sinead Cruise Australian Symon Drake-Brockman is on the front line of a revolution in European finance. The former head of global debt...
Municipal Bond Insurance Sales Expected to Rise With Interest Rates April 13, 2014 By Michelle Kaske Demand for municipal bond insurance is poised to increase as rising interest rates reduce investor appetite for riskier state and...
Alabama County Bankruptcy Workout a Test for Municipal Bondholders May 8, 2013 By Michael Connor Alabama’s Jefferson County will brief a federal judge on Thursday on its progress toward exiting from bankruptcy, as the county...