Hints and tips:
...Back to Goldman: [W]e maintain the view that the Chancellor is likely to announce targeted measures to: (i) boost NHS readiness to deal with COVID-19; (ii) allow for SME loan forbearance; (iii) offer tax...
...The New York Federal Reserve has frozen new Puerto Rico offshore banking account approvals amid federal money laundering investigations related to the Venezuelan sanctions....
...As an appointee in the Obama Administration, Weiss became the White House’s point-person on its response to the growing fiscal crisis in Puerto Rico, alongside US Treasury boss Jack Lew....
...Capital, a hedge fund that owns Puerto Rico debt....
...While Puerto Rico may seem an isolated case, it has broad implications for investors. Most US muni debt is exempt from federal tax but it can be shielded from state and local taxes, too....
...When I was at the IMF/World Bank meetings in Washington this month, people were talking about how the next target for the international vulture/ distress funds would be Puerto Rico....
...According to Bloomberg, which first reported Mr Paulson’s exploration of the possible move, 10 wealthy individuals have already located to Puerto Rico to take advantage of the tax break, and 40 more are...
...Puerto Rico is one issuer that could cause widespread distress....
...This year, Puerto Rico plans to issue about $575m in fresh GO bonds, plus issues from various entities including the Convention Centre authority, a first-time issuer....
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