Karen Pierog

Bond insurer Syncora is stubborn city rival in Detroit’s bankruptcy

December 24, 2018 at 12:22 a.m.

(Reuters) - Bond insurer Syncora Guarantee Inc has emerged as Detroit's chief nemesis in the city's historic bankruptcy case and is fighting as if its financial life depends on a...

Judge halts Illinois pension reform law due to lawsuits

August 25, 2021 at 4:58 a.m.

CHICAGO (Reuters) - An Illinois judge on Wednesday suspended the state's new pension reform law until lawsuits brought by unions, retirees and others challenging the constitutionality of the overhaul of...

Judge halts Illinois pension reform law due to lawsuits

May 23, 2019 at 9:37 p.m.

Fed’s Tarullo calls for re-think of some new bank rules

August 25, 2021 at 4:46 a.m.

WASHINGTON/CHICAGO (Reuters) - A top U.S. Federal Reserve official on Thursday called on regulators to revamp a variety of new bank rules, including the way capital minimums are set for...

Bankrupt Detroit reaches first deal with retirees group

August 25, 2021 at 3:03 a.m.

(Reuters) - Detroit reached its first deal with a retired workers group on Tuesday over pension and healthcare benefits and was close to a deal with at least one of...

A man walks past graffiti in Detroit, Michigan in this 2013 file photo.

Detroit asks bankruptcy court to approve new deal to end swaps

November 4, 2021 at 1:08 a.m.

(Reuters) - Detroit on Monday said it reached an agreement with two investment banks to end costly interest rate swaps, a move that could give Detroit access to revenue from...

Detroit asks bankruptcy court to approve new deal to end swaps

December 23, 2018 at 9:57 p.m.

(Reuters) - Detroit on Monday said it reached an agreement with two investment banks to end costly interest rate swaps, a move that could give Detroit access to revenue from...

Detroit files lawsuit seeking to void pension debt

August 25, 2021 at 12:59 a.m.

(Reuters) - Detroit on Friday filed a lawsuit in U.S. bankruptcy court seeking to invalidate $1.44 billion of debt sold to fund public worker pensions - a move that also...

Powerful Illinois House Speaker pushes corporate tax cut

August 25, 2021 at 12:53 a.m.

CHICAGO (Reuters) - With big Illinois state income tax increases set to partially expire in 2015, the Democratic head of the state's House of Representatives on Thursday introduced a bill...

Powerful Illinois House Speaker pushes corporate tax cut

May 23, 2019 at 9:27 p.m.

CHICAGO (Reuters) - With big Illinois state income tax increases set to partially expire in 2015, the Democratic head of the state's House of Representatives on Thursday introduced a bill...

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