• Ashutosh Sureka
  • 1 hour ago
New York warns CLARITY Act could weaken crypto enforcement
Federal debate over cryptocurrency market rules is intensifying as states push to preserve their enforcement powers. New York Attorney General Letitia James says proposed legislation in Congress ...
  • Ashutosh Sureka
  • 1 hour ago
U.S. Treasury says Trump Account signups reach 7 million
Weeks after the July 4 launch of Trump Accounts, the U.S. savings program for children is drawing millions of early enrollments. The latest count reaches about 7 million signups, up from 6.5 ...
  • Dan Blystone
  • 2 hours ago
Santander UK mortgage covered bonds keep AAA rating after Fitch review
Periodic scrutiny of bank funding structures continues to highlight the resilience of UK covered bond programmes. Santander UK plc's mortgage covered bonds retain a 'AAA' rating with a Stable ...
  • Ashutosh Sureka
  • 2 hours ago
Morningstar DBRS confirms BANK 2022-BNK41 CMBS ratings with stable trends
Commercial mortgage-backed securities backed by a largely unchanged $1.2 billion loan pool continue to show solid credit performance in the latest remittance period. The transaction still contains ...
  • Ashutosh Sureka
  • 2 hours ago
SEC report outlines small business capital-raising policy recommendations
U.S. securities regulators are advancing a new round of policy feedback for entrepreneurs and smaller public companies through a report sent to Congress. The document summarizes recommendations ...
  • Dan Blystone
  • 2 hours ago
U.S. Justice Department secures prison sentence in tax evasion case against expatriated hedge fund manager
Federal authorities are intensifying scrutiny of offshore tax evasion involving high-net-worth Americans with foreign accounts and expatriation filings. In that context, a Cayman Islands resident ...
  • Dan Blystone
  • 2 hours ago
U.S. prediction market rule proposal draws broad pushback
Debate over how far federal regulators should oversee event-based wagering is intensifying as the prediction market industry expands in the U.S. Public comments now show lawmakers, Native American ...
  • Ciaran Ryan
  • 2 hours ago
UK property tax reform hopes fade as Burnham rejects council tax abolition
Debate over UK property taxation is intensifying after northern Labour MPs renewed pressure to scrap council tax, arguing it places a heavier burden on less affluent areas. The push loses momentum ...
  • Ashutosh Sureka
  • 3 hours ago
Cincinnati Financial quarterly profit falls as catastrophe losses pressure underwriting
Severe weather claims continue to weigh on U.S. property and casualty insurers' earnings in the second quarter. Cincinnati Financial says higher catastrophe losses cut profit and pushed its shares ...
  • Ashutosh Sureka
  • 4 hours ago
KBRA assigns preliminary CLO note ratings for RRE 12 Loan Management DAC
European leveraged credit issuance remains active as RRE 12 Loan Management DAC moves ahead with a new cash flow collateralised loan obligation backed mainly by Euro-denominated corporate loans. ...
  • Dan Blystone
  • 4 hours ago
AM Best puts Safety Insurance Group ratings under review after Mapfre merger agreement
Safety Insurance Group and its main insurance subsidiaries are entering a new phase as their credit ratings come under review following a planned merger with MAPFRE U.S.A. The review covers both ...
  • Ciaran Ryan
  • 4 hours ago
Safety Insurance Group ratings placed under review as MAPFRE deal advances
Safety Insurance Group and its main insurance subsidiaries are entering a period of ratings uncertainty as the company moves toward a merger with MAPFRE U.S.A. The review covers both insurer ...
  • Ciaran Ryan
  • 4 hours ago
JP Morgan Chase CMBS trust 2013-C16 ratings affirmed as losses weigh on remaining office loans
With only two loans left in the collateral pool, JP Morgan Chase Commercial Mortgage Securities Trust 2013-C16 continues to face pressure from distressed office assets in Washington, D.C., and ...
  • Ashutosh Sureka
  • 4 hours ago
Buffalo credit rating cut to A as deficits pressure reserves
Buffalo is facing tighter credit conditions after a downgrade tied to repeated budget stress and weaker financial flexibility. The Negative Outlook signals uncertainty over whether the city can ...
  • Ashutosh Sureka
  • 4 hours ago
Trump administration seeks Supreme Court intervention on mail-in voting restrictions
With the November midterm elections 99 days away, the Trump administration is escalating its legal push to enforce President Donald Trump’s executive order restricting mail-in voting. The move ...
  • Ciaran Ryan
  • 4 hours ago
Moody's stock rallies as ratings business profitability drives steady earnings
Moody's (MCO) stock is trading at $487.53, reflecting a daily gain of 3.35%. The price sits above its key short- and long-term moving averages, suggesting positive ...
  • Ciaran Ryan
  • 6 hours ago
Golden Ray compartment 3 secures AAA provisional rating on Class A notes
Structured finance activity tied to German home improvement lending is advancing as Golden Ray S.A.'s Compartment 3 secures a top provisional rating for its senior notes. The transaction is backed ...
  • Ciaran Ryan
  • 6 hours ago
Atlanta airport revenue bonds win AA+ rating as city advances 2026 financing
Atlanta is moving ahead with a new round of airport bond financing tied to capital projects and debt refinancing at Hartsfield-Jackson Atlanta International Airport. The AA+ rating covers the ...
  • Ciaran Ryan
  • 6 hours ago
OCC outlines financial literacy push for digital banking era
As digital financial services expand across the U.S., the Office of the Comptroller of the Currency is emphasizing financial literacy as a core consumer protection and banking policy priority. The ...
  • Ciaran Ryan
  • 6 hours ago
OCC amends bank capital rule for securities gains
U.S. bank regulators are easing how some institutions account for securities gains and losses in capital ratios as market conditions continue to shape portfolio management. The Office of the ...