Alan Goldstein

Default Swaps in U.S. Rise as Greece Prepares for a New Election

A gauge of U.S. corporate credit risk increased as a Greek caretaker government will prepare new elections probably on June 17 that may decide whether the country should remain a euro member.

Moody's to Rate Protection in High-Yield Bond Covenants

Moody’s Investors Service plans to begin grading the covenants of high-yield bonds based on how much protection investors get from the securities’ terms.

AIG Wagers on Subprime Betting Second Time is Different

American International Group Inc., the insurer that needed a $182.3 billion bailout from the U.S. government in 2008 after failed mortgage investments, is betting this time it’s different.

Avaya Bonds Decline to Lowest in Four Months as Revenue Drops

Bonds of Avaya Inc., the communications-gear maker owned by private-equity firms, dropped to the lowest level in four months as the company reported a decline in quarterly revenue.

Default Swaps in U.S. Increase as Greece Heads for New Elections

A gauge of U.S. corporate credit risk rose for a ninth day, reversing earlier declines, as attempts to form a new government in Greece failed, clearing the way for a new round of elections.

Cerberus Said to Seek $1.8 Billion Loan for Hawaii Resorts

Cerberus Capital Management LP is seeking as much as $1.8 billion in new debt on six resorts, including five in Hawaii, taking advantage of Wall Street’s growing appetite for commercial mortgages.

RBS Said to Lose Three in U.S. Credit Trading as Broker Shrinks

Royal Bank of Scotland Group Plc, the U.K.’s biggest government-controlled bank, lost its U.S. credit- trading head and two junk-bond salesmen as its debt-brokerage team in the region shrinks.

Swaps Committee Rules $1.2 Billion of ResCap Contracts Triggered

Residential Capital LLC, the mortgage-lending unit of Ally Financial Inc., triggered payouts on more than $1 billion of contracts linked to its debt, according to the committee of banks and investors that govern credit-default swaps.

Default Swaps in U.S. Rise on Talk Greece May Exit Euro

A gauge of corporate credit risk in the U.S. increased for an eighth day, the longest streak in more than two years, as concern mounts that Greece will exit the European currency.

State Street’s Junk ETF Sees Biggest Redemptions Since 07

An investor used State Street Corp.’s exchange-traded fund to anonymously obtain almost $780 million of speculative-grade bonds without moving prices in the secondary market.

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Facebook Said to Raise Size of IPO to 421 Million Shares

Facebook’s Saverin May Save $67 Million on U.S. Tax Bill

Greece Plans for June 17 Vote Under Caretake Government

Merkel-Hollande Meeting Yields Greece Growth Signal

Greek President Told Banks Anxious as Deposits Pulled