◀ The Principal Blog

Posts from the ‘Fixed Income’ category

Righting Detroit’s Municipal Ship: Just the Beginning or Bon Voyage?



On November 7, U.S. District Judge Steven Rhodes approved Detroit’s plan to exit bankruptcy, or its plan of adjustment. This paves the way for the city to resolve the largest municipal bankruptcy in U.S. history only sixteen months after its historic filing in July 2013. This is a stark contrast…

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ECB’s Bank Test Highlights Less Stress, More Progress



The results of the recently released and highly anticipated European Central Bank (ECB) Comprehensive Assessment were “interesting…ish.” Overall, they’re positive…but they highlight that Europe still has work to do. The aggregate results revealed that of 130 banks examined, 25 banks…

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