Puerto Rico Title III Filing – Impacts on and off the Island Commonwealth

Robert Collins |
Wilmington Wire
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May 9, 2017— Last week, Puerto Rico’s Oversight Board (put in place by the enactment of “PROMESA,” the Puerto Rico Oversight, Management and Economic Stability Act) filed for Title III, which acts like a bankruptcy filing, for the island’s general obligation (GO) and GO-guaranteed debt. Shortly after, the agency that sold billions in Puerto Rico-backed

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Where Things Stand with the French Elections, Brexit, and Turkey

Clement K. Miller |
Wilmington Wire
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April 21, 2017— Wilmington Trust has been monitoring several political developments in Europe, particularly the upcoming French Presidential elections, the UK general election and the recent Turkish referendum rendering greater powers to its president. Here we will provide our assessment of these developments. A tightening first round in the French presidential race The first round,

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Fed Raises Interest Rates, and Raises Expectations for 2017

Luke Tilley |
Wilmington Wire

December 15, 2016— The Federal Open Market Committee (FOMC) of the Federal Reserve unanimously voted to raise its target for the federal funds rate on December 14 from a range of 0.25%–0.5% to a range of 0.5%–0.75%. The decision was not a surprise to markets, as the market for fed funds futures had priced in

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