debt News

Greensill Insurance Mystery Turns Up the Heat on Credit Suisse

Credit Suisse told investors the debt in its $7.3 billion finance fund was low risk because it was insured but the bank failed to ensure the policies would pay out, two sources told Reuters. When Japan’s Tokio Marine, the company …

Analysis: Louisiana Weighs Hefty Borrowing to Pay Levee Debt

BATON ROUGE, La. (AP) — After Hurricane Katrina, Louisiana delayed paying its debts for improvements to the federal flood protection system stretching across five parishes in the New Orleans area. The massive bill totaling as much as $3 billion is …