All articles tagged with #debt sale
Chicago Mayor Brandon Johnson announced he will proceed with the city council's alternate budget, which he opposes, and signed two executive orders to regulate city debt sales and police overtime spending, emphasizing fiscal discipline and transparency amid ongoing budget debates.
Chicago City Council approved a 2026 budget that avoids a corporate head tax, includes fee hikes like bag taxes and liquor taxes, legalizes video gambling, and proposes selling city debt, despite opposition from Mayor Johnson who may veto it. The budget faces concerns over revenue assumptions and potential deficits, with key changes aimed at funding city services and infrastructure.
Banks are preparing to launch a $38 billion debt offering to finance Oracle-linked data centers in Texas and Wisconsin, marking the largest AI infrastructure debt deal to date, with the funds supporting Oracle's $500 billion AI investment alongside OpenAI.
Barclays has agreed to a $19.5 million settlement in a Manhattan lawsuit where shareholders accused the bank of securities fraud for selling $17.7 billion more debt than allowed by regulators. The settlement, which requires court approval, follows Barclays' admission of overissuing structured and exchange-traded notes beyond the authorized limit. Despite denying wrongdoing, Barclays had to restate its 2021 financials and set aside funds for the overissuance. The lawsuit involved investors in Barclays' American depositary receipts from February 2021 to February 2023.