Bill de Blasio was a New York City councilman responsible for overseeing child welfare when the story of a 7-year-old girl beaten, starved and tortured by her parents in Brooklyn exploded in the headlines.
Issuers in the reviving market for U.S. mortgage securities are creating debt with features not seen since before the financial crisis that can increase risks for certain investors, according to Moody’s Investors Service.
The glut of U.S. shale oil caused by too few pipelines has spread to West Texas, cutting prices and draining $1.2 billion in potential profit from producers including Concho Resources Inc. and Occidental Petroleum Corp.
Redwood Trust Inc., the dominant issuer of home-loan securities without government backing since the financial crisis, plans to jump into the market backed by taxpayer-supported Fannie Mae and Freddie Mac.
Redwood Trust Inc. sold bonds tied to $398 million of U.S. home loans without government backing and is working on a second deal this month as the real-estate investment trust leads a revival in sales of the securities.
Annaly Capital Management Inc. Chief Executive Officer Mike Farrell was paid $35 million last year, more than the CEOs of the six largest U.S. banks, from JPMorgan Chase & Co.’s Jamie Dimon to Goldman Sachs Group Inc.’s Lloyd Blankfein, and more than double their average compensation.