NEWS AND UPDATES
Leveraged Loans Dodge Existential Threat In New York Court
Leveraged Loans Dodge Existential Threat In New York Court
The $1.2 trillion leveraged loan market’s biggest players can breathe a collective sigh of relief -- at least for now. A New York judge last week dismissed a claim that a leveraged loan JPMorgan Chase & Co. and other Wall Street banks sold in 2014 could be considered a security and, as such, be subject to the same disclosure requirements as stock and bond offerings.
Macy’s Looks to Raise $1.1 Billion in Fresh Funds
Macy’s Looks to Raise $1.1 Billion in Fresh Funds
Macy's flagship store in New York City, currently closed for coronavirus precautions. The retailer has begun slowly emerging from lockdown in other parts of the U.S. this month.
Williams Says Fed Thinking ‘Hard’ About Yield-Curve Control
Williams Says Fed Thinking ‘Hard’ About Yield-Curve Control
Federal Reserve Bank of New York President John Williams said policy makers are “thinking very hard” about targeting specific yields on Treasury securities as a way of ensuring borrowing costs stay at rock-bottom levels beyond keeping the benchmark interest rate near zero.