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    ResCap Plan ‘Not Confirmable’: Trustee

    Residential Capital LLC’s disclosure statement for its reorganization was opposed by the U.S. Trustee, which oversees bankruptcy cases for the government. To read more, click here.


    New Jersey Borrowing Costs Fall Under Christie

    Governor Chris Christie’s post-Hurricane Sandy leadership has won over New Jersey voters as he heads toward re-election. Now he’s gaining fans in the municipal-bond market. To read more, click here.


    BOE , Steinbrueck, France IP, London Whale

    BOE policy makers held three votes for the first time at their meeting this month. German chancellor candidate Peer Steinbrueck criticized Angela Merkel for misleading voters over the true cost of the debt crisis. Japan’s national debt exceeded 1 quadrillion yen (1,000 trillion yen) for the first time. To read more, click here.


    Bank of America Regains Top Spot For U.S. Sales

    Bank of America Corp. is poised to become the top seller of U.S. structured notes for the second straight year, issuing its highest proportion ever of securities tied to stocks. The bank leads with $3.28 billion of issuance, of which 93 percent, or $3.04 billion, is linked to equities. Morgan Stanley is second with $2.93 billion of [...]


    BOE Guidance, BOJ Stimulus, Samaras in U.S.

    NEWS: The Bank of Japan refrained from adding to stimulus. Gilt yields rose to the highest in more than a month after BOE Governor Mark Carney pushed to restrain expectations of an increase in interest rates. (See page 3.) Emerging-market currencies are trailing their peers in advanced economies by the most since 2009. To read more, click here.


    Wayne County Now Carries Detroit Penalty

    Wayne County, home of Detroit, has seen the extra yield investors demand to own its debt soar to a record, showing the price Michigan localities are paying after the Motor City filed for bankruptcy. To read more, click here.


    Euro Likely to Revisit Bottom of Range Versus U.S. Dollar

    The Standard & Poor’s 500 Index may fall as much as 8.7 percent after climbing to the upper limit of a rising channel, according to Roelof-Jan Van den Akker, a technical analyst at ING Groep NV. The S&P 500 will decline to a support level of 1,540 after it advanced to 1,709.67 on Aug. 2, Van den Akker [...]


    Jobless Claims, Carney, German Exports, Adidas

    WHAT TO WATCH: U.S. initial jobless claims probably rose to 335,000 last week from 326,000 the previous week, 8:30 a.m. Bank of England Governor Mark Carney said the country is “in the very early stages” of its economic recovery, signaling interest rates will stay lower for longer. China’s exports and imports rebounded more than estimated. German exports rose in June. [...]


    American Capital Shops $1 Bln Secondary Direct

    American Capital Ltd., a listed asset management company, is shopping about $1 billion of direct private-equity stakes in companies, according to two people familiar with the situation. To read more, click here.


    Bank of America Regains Top Spot For U.S. Sales

    Bank of America Corp. is poised to become the top seller of U.S. structured notes for the second straight year, issuing its highest proportion ever of securities tied to stocks. The bank leads with $3.28 billion of issuance, of which 93 percent, or $3.04 billion, is linked to equities. Morgan Stanley is second with $2.93 [...]


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