Expect[ed] Loss

Settlements are coming out in droves for the alleged manipulation of foreign exchange benchmark rates since either 2008 or 2009 (depending ...

Another day, another FX settlement. What’s new? Well, actually a lot. The recent settlements, when you dig into them, provide a whole ne...

House Bill 298 would allow Illinois municipalities to adjust their debts through the Chapter 9 municipal bankruptcy process. The bill, end...

Last week, Moody’s downgraded Chicago general obligation bonds into speculative (i.e., “junk”) territory. As a critic of low municipal bond...

In the aftermath of the 2-minute Swiss franc movement earlier this year -- and with so much attention surrounding the Herbalife short-squee...

The criminal case filed by the DoJ against U.K. trader Navinder Sarao is the latest case to capture the media’s attention in what must be ...

Shortly after our blog posting went out on Friday evening, Ocwen (OCN) and Nationstar (NSM) and affiliated companies announced two agreemen...

It's February 20th, and time to update our post from Feb. 20th last year, when we investigated state of the mortgage servicing arena. ...

In its settlement with the Department of Justice, S&P has backed off its assertion that the federal lawsuit was filed in retaliation fo...

On January 21, S&P settled a number of complaints with the Securities and Exchange Commission as well as two states’ attorneys genera...