The timing of a $1.5 billion deal California had planned to price Thursday is no longer firm amid massive dislocations in the markets.
The comptroller called for passage of a federal rescue bill and measures to shore up the city budget.
The authority, which tapped its $1 billion credit line and received a warning shot from Moody's, says COVID-19 is a disaster that requires a national response.
The Dow Jones plunged more than 1,200 points, as the number of worldwide coronavirus cases soars. To gauge how the middle market is viewing ongoing developments, we seek insights from dealmakers at Alvarez & Marsal, Riverside Co., Merrill Corp. and Paul Hastings.
GLWA has the flexibility to come to market as early as this week, but is monitoring the market in light of the COVID-19 impact.
Canadian policymakers are escalating their efforts to backstop the nation’s financial system and ensure banks have plenty of room to continue lending through the coronavirus crisis.
A large percentage of Institutional investors lack confidence in the U.S. government’s ability to contain and eradicate the coronavirus outbreak. But few have plans to pull capital out of specific geographic regions due to the pandemic.
The Federal Reserve's most recent economic-stimulus effort could reduce disparities between a rally in Treasurys and a relative slump in mortgage-backed securities that contributed to higher average home-lending rates last week.
The suspension of spectator sports removes two critical revenue streams for the venue in Brooklyn, according to Moody's Investors Service.
How severe a financial hit New York City will take during the COVID-19 pandemic is as much of an unknown as the degree of virus spread.