The Hunt for a Pension Crisis Fix
It’s gotten so bad that many cities have found themselves paying more for retiree benefits than they do for public services such as fire and police.
Got China ETFs? Watch Out
The move to curb credit in China could threaten Chinese companies, Moody's says, but for short sellers, there's good news.
S&P Expects Federal Lawsuit Over Mortgage Ratings
The U.S. government is expected to file civil charges against S&P, alleging that it fraudulently gave high ratings to mortgage debt that later plunged in value and helped fuel the 2008 financial crisis.
European Banks Could Face Downgrade: Moody's
Moody's Investors Service said that many European banks and global investment banks could be in for downgrades, and that it plans to place a number of them on review by the end of March.
Whitney Wrong on Muni Market, to a Degree
While Bloomberg continues to delight in Meredith Whitney’s bold 'prediction-that-wasn’t,' The Wall Street Journal notes she might not be so far off.
Austria Stable at AAA: Moody's
Moody's kept Austria's credit rating stable at AAA on Friday, but warned about the effects of the debt crisis not just on Austria but also on other euro zone countries.
Moody's Unimpressed With Eurozone Deal
Despite hours of negotiations at a summit meeting last week that resulted in an agreement by 26 of the 27 European Union countries for closer financial ties, Moody's Investors Service was not impressed.
Eurozone Teetering on Break Up: Banks, Ratings Agencies
All of Europe's credit ratings could be in danger from the escalating debt crisis, Moody's Investors Service said on Monday, and both banks and ratings agencies said that the euro zone itself is in danger of breaking up.
Moving Beyond the Supercommittee: Schwab Responds
The Schwab Center for Financial Research released a statement, 'Beyond the Supercommittee,' late Tuesday following the Joint Select Committee on Deficit Reduction’s failure to reach an agreement on how to reduce the debt over the next 10 years.
Moody's Downgrades 2 French Banks
Moody's Investors Service cut the ratings of two French banks on Wednesday, citing their holdings of Greek sovereign debt as the reason. Crédit Agricole and Société Générale were both downgraded a single notch.