@WSJ reporter covering municipal bonds and public finance. Former reporter at Bloomberg and The Times-Picayune. I like sailing and fishing.

FDIC releases Doral Bank failure news early

marketwatch.com — The Federal Deposit Insurance Corp. said in a news release Friday that Puerto Rico regulators closed Doral Bank and appointed the FDIC as receiver. The agency subsequently sent an email saying the release was "sent in error." The FDIC didn't immediately return a request for comment.

FDIC Confirms Doral Bank in Puerto Rico Has Failed

wsj.com — The Federal Deposit Insurance Corp. said in a news release Friday that Puerto Rico regulators closed Doral Bank and appointed the FDIC as receiver. The agency subsequently sent an email saying the release was "sent in error." The FDIC didn't immediately return a request for comment.

Puerto Rico Bankruptcy Bill Could Offer Roadmap for Creditors

wsj.com — A bill that would give Puerto Rico's government agencies access to the same bankruptcy protections provided to cities such as Detroit would provide a road map for investors if one or more runs out of money, a senior government official told a U.S. House committee Thursday.

House Panel to Hear Proposal for Puerto Rico Bankruptcy Protections

wsj.com — A U.S. House committee is planning a hearing on a proposal to grant public agencies in cash-strapped Puerto Rico access to the same bankruptcy protections provided to cities such as Detroit, according to a person familiar with the plans. The hearing, expected to take place in coming weeks before the U.S.

Ruling Throws Puerto Rico’s Effort to Remake Finances Into Doubt

wsj.com — An effort by Puerto Rico to remake its finances was thrown into uncertainty after a federal judge in San Juan blocked a law that would have allowed some public agencies to restructure their debts. In a decision Friday prohibiting the U.S. commonwealth from enforcing the so-called Recovery Act, Judge Francisco A.

Ruling throws Puerto Rico’s effort to remake finances into doubt

marketwatch.com — An effort by Puerto Rico to remake its finances was thrown into uncertainty after a federal judge in San Juan blocked a law that would have allowed some public agencies to restructure their debts. In a decision Friday prohibiting the U.S. commonwealth from enforcing the so-called Recovery Act, Judge Francisco A.

Risky Pension-Bond Strategy Considered in Kansas

wsj.com — Kansas is considering a corner of the municipal-bond market most states have come to avoid because of its risk-a $1.5 billion sale of so-called pension bonds to boost returns at the state retirement system. The strategy, which Gov.

It’s Obama Vs. Romney Among Owners as Patriots Face Jets

bloomberg.com — Oct. 19 (Bloomberg) -- Republican Mitt Romney's favorite football team, headed by a donor to President Barack Obama's re-election bid, faces a rival Oct. 21 owned by a top Romney fundraiser who's said he would rather see his candidate than his team win.

Muni Investors Need More Information on Issuers’ Other Debts: Regulator

blogs.wsj.com — Cities and states should promptly disclose any loans they have taken from banks, the Municipal Securities Rulemaking Board said Thursday in the latest regulatory effort to promote transparency for investors in the $3.6 trillion market. Such obligations "could impair the rights of the issuer's existing bondholders," the self-regulator said in a regulatory notice.

Regulators want data on bond-trade fees

marketwatch.com — As Sherry Dixon was researching her retirement in 2010, the 63-year-old home builder from Albuquerque, N.M., asked her broker to buy her municipal bonds for safety. Two years later, she was shocked to learn that fees she had paid on some trades were far larger than she expected.
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Mar 02, 2015

RT @abandonedpics: View from the Luxury box at the Pontiac Silverdome, Former Home to Detroit Lions. Photo by Johnny Joo pic.twitter.com/QXn7yaIVhy

Feb 28, 2015

RT @cate_long: Prepa says that the forbearing creditors are aware of the situation and have not taken any adverse actions. #muniland 2/2

Feb 28, 2015

RT @cate_long: Puerto Rico's utility Prepa formally announces that it will not present restructuring plan to forbearing creditors due Mar 2. #muniland 1/2

Feb 27, 2015

RT @KatyBurne: @FDICgov releases news of putting Puerto Rico bank into receivership, then retracts statement. @WSJ @kuriloff wsj.com/articles/fdic-…

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