Risk
Greece, BlackRock Move Forward With SWF Creation
The country is moving to quickly privatize key assets to pay back bailout loans and launch its new sovereign wealth fund.
Tag: Bailout
News
New York City-Based Multiemployer Plans Approved for PBGC Bailout
The Local 584 Plan and the Milk Industry Office Employees Pension will receive funds under the Special Financial Assistance Program.
Newsmakers
Teamsters Pension Applies for Bailout After $58 Million Legal Appeal Dismissed
A circuit court has denied the New York multiemployer pension’s attempt to recover withdrawal liabilities from the bankrupt firm’s new owner.
Newsmakers
$10 Billion Illinois Pension Bailout Request Ignites Controversy
GOP critics call the plea from Democratic state lawmakers, folded into a coronavirus relief package, ‘infuriating.’
Newsmakers
Greece Nixes Pension Reductions, Seen as Too Draconian
As the European Commission approves the move, parliament calls off the trims, slated for 2019.
Congress Mulls Multiemployer Pension Bailout
Draft of plan calls for $3 billion a year to subsidize payments for retirees.
Newsmakers
Greece’s Pension Cuts, Tax Hikes Are Now Unnecessary, Says PM
Alexis Tsipras’ post-bailout plans will depend on the European Commission’s approval once it gets Greece’s economic projections.