BofA Reaches $42MM Settlement with NY AG

Bloomberg reported on a $42 million settlement Bank of America reached with the New York Attorney General’s office. The fine was levied over accusations the bank had sold customers’ trades to other firms without their clients’ permission or knowledge.

Bloomberg: World’s Wealthiest Became 23% Richer in 2017

Bloomberg reported there was a $1 trillion gain made in 2017 by the world’s richest people. Amazon founder Jeff Bezos surpassed Microsoft’s Bill Gates as the world’s richest person.

KPMG Tops Thomson Reuters and Bloomberg 2016 League Tables

KPMG was ranked as the leading mid-market provider of M&A services for both the number of announced and completed deals in 2016, per Thomson Reuters’ Mid-Market M&A Review and Bloomberg M&A Advisory League Tables.

Bloomberg: 2016 Business Investment Expected to Stall

Bloomberg reported economic growth will fall in 2016 to its slowest pace in four years due to uncertainty about the presidential election.

A Better Solution for Identifying Syndicated Loans? The FIGI ID System Provides Consistency and Transparency

Syndicating loans has pitfalls for both investors looking for deals and financial institutions packaging the loans. The Financial Instrument Global Identifier (FIGI) streamlines the process and adds transparency to assist both lenders and investors. Mark Betteridge explains how to use this new standard.

The 2014 Jealousy List: The Best Stories Bloomberg Didn’t Write

The staff of Bloomberg Businessweek produced a list of the stories they wish they had written in 2014.

Bloomberg: RadioShack’s Comeback Attempt Runs Into Electronics Slump

Bloomberg reported that RadioShack’s attempted comeback best case scenario would have been tough, but it is now competing with a slump across the electronics industry due to depleting demand that is hurting healthier rivals.

U.S. Continuing Jobless Claims Lowest Since Dec. 2007

Though jobless claims increased by 28,000 to 326,000 in the week ended May 17, 2014, continuing claims fell to the lowest since December 2007, Bloomberg reported.

Bloomberg: U.S. Banks’ Legal Bills Exceed $100B

Bloomberg reported that the six biggest U.S. banks, led by JPMorgan Chase and Bank of America, have incurred $103 billion in legal costs since the financial crisis.

Goldman Sachs Said to be Leading Toys ‘R’ Us Refinancing

Bloomberg reported that Toys “R” Us is seeking a $985 million term loan to refinance some of its existing bonds. Goldman Sachs was said to be leading the financing.