Saturday, 25 December 2010

Irish developers still living the high life:

For some property magnates, it's like the financial crisis never happened.

Deutsche Bank pays half a billion to escape US tax probe:

Germany's biggest bank, Deutsche Bank, has agreed to pay US authorities $554 million (421 million euros) to end a fraud investigation and compensate the government for lost tax revenues.

Some investors fear collapse of municipal bonds across nation:

Investors have fled municipal bonds in recent weeks, leading to rising fears about investments in state and local government debt and increasing the potential for higher rates for when governments look to borrow money.

16 US Cities Facing Bankruptcy If They Don't Make Deep Cuts:

2011 will be the year of the municipal default. At least that's what analysts like Meredith Whitney predict, as do bond investors that have been fleeing the muni market.