Commentary: If Puerto Rico Believes Bankruptcy Is a Much Better Option, It Has an Impolite Waking Up Coming!

One ought to look no more than the Puerto Rico Electric Power Authority’s (PREPA) pending bankruptcy. All reputable monetary experts concur that PREPA just needs a little more than a 10% decrease in financial obligation service to continue paying its expenses and running as anticipated. Over a three-year duration, the energy worked out with their shareholders for a 15% decrease in financial obligation. This consensual arrangement provided the energy nearly 50% more than it had to return on track. If

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Broker-Dealer Aegis Capital Dealing with Examination from Finra, SEC, And FINCEN

Aegis Capital Corp., a mid-sized broker-dealer based in New York City with 415 signed up representatives, is being examined by 3 regulative firms, according to a filing with the SEC. The Financial Industry Regulatory Authority Inc., the Securities and Exchange Commission and the Treasury Department’s Financial Crimes Enforcement Network, or FINCEN, are examining the broker-dealer, according to the filing. The filing did not state why Aegis Capital was under examination. ” The company has actually supplied reactions to questions and

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How Wells Fargo’s Troubles Went from Bad to Worse

Wells Fargo & Co.’s project to fix its track record post-scandal has actually encountered an issue: more scandal. A year back, the San Francisco-based bank acknowledged developing countless accounts without customer permission. Ever since it’s made refunds to clients and paid fines amounting to $185 million. In July, it revealed yet another snafu, this time over insurance for automobile loans, and it’s been implicated of impropriety associated with mortgage financing and consumer-overdraft costs. It likewise deals with discrimination grievances and

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