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Investor confidence in U.S. municipal debt is the highest since 2011, signaling more gains with local governments showing the fewest defaults since at least 2009 while revenue recovers to prerecession levels. Click here to continue reading.
Power Finance Corporation Ltd. – India’s biggest non-banking company and one of the largest lenders to the power sector with an annual revenue of $2.4 billion – has been offering loans to renewable energy companies at a lower rate of interest. Click here to continue reading.
New federal guidelines on employee use of social media at some financial institutions may be at odds with state privacy laws, and could force firms to change their policies to abide by both sets of rules, industry lawyers said. Click here to continue reading.
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Two financial deals that kept the National Football League playing in the Superdome, allowing New Orleans to host a 10th Super Bowl, were expensive for taxpayers and enriched Saints owner Tom Benson, said former Louisiana Governor Kathleen Blanco. Click here to continue reading
By Sabrina Willmer KKR & Co. will return half of the uninvested capital from a $535.8 million annex fund it raised amid the financial crisis to support its second European buyout fund, two people familiar with the matter said. It also received approval from investors to extend the life of the remaining capital in the [...]
Overfishing, global warming and pollution are having detrimental effects on the world’s oceans, according to scientists. McDonald’s Corp., the world’s largest restaurant chain by sales, announced last week that it has taken steps to address that. By February, it will be the first national restaurant chain to sell sustainable fish certified by the Marine Stewardship Council in over [...]
The U.S. Financial Stability Oversight Council was singled out in a recent Government Accountability Office study for not yet identifying which nonbank financial firms should be better supervised. Click here to continue reading.
Bank of America Corp. may have gained as much as $597 million from its hedges on mortgage-servicing rights in the fourth quarter, according to data from its filings. Click here to continue reading.