Finance News

Solar Boom Results In First Solar Panel Shortage Since 2006

The looming shortage of solar panels shows the rapid expansion of solar energy. The industry may install as much as 52 gigawatts this year, more than seven times what developers demanded five years ago.

Ex-Security Bank CEO Fined $10,000 For Bad Practices

By Eleazar David Melendez |

Federal regulators fined the former chief executive of the North Lauderdale bank for engaging in unsafe banking practices.

Blackstone Suffers Setback in Irish Real Estate Drama

On July 29, Irish property developer Michael O'Flynn realized that Blackstone Group LP was trying to gain control of his real estate empire, which includes the country's tallest residential tower. Ten weeks earlier, the private equity firm had bought $2.4 billion of loans to O'Flynn's companies and the developer personally.

Google's Pivotal IPO Launched a Decade of Big Bets

Google's IPO, a decade ago this week, launched the company on a trajectory that continues to reshape its business and much of the world in its orbit. And CEO Larry Page is determined to push even further.

Ezra Katz

Private Equity Firms Fill South Florida Financing Gaps

By Eleazar David Melendez |

Private equity bets on the South Florida housing market are filling a need for hundreds of millions of dollars in construction financing that's otherwise not being provided by banks.

Bond Liquidity Risk in $3.5 Trillion Funds Defused by Cash

The record $3.5 trillion stockpiled in U.S. fixed-income funds is raising the specter the bond market will buckle under the strain of redemptions once interest rates rise. Simple math suggests there's little need to worry.

Barclays Dark Pool Trading Volume at Highest Since Lawsuit

About 106 million U.S. shares were traded in the private trading platform in the week of July 28, up 21 percent from about 87.6 million in the previous week. That's the most since 312 million shares were traded in the week of June 23.

Junk Bonds Lure $680M as Demand Reappears

For the first time in more than a month, investors are putting more money into junk-bond funds than they're withdrawing as the market recovers from its biggest slump in a year.

Lobbying Firms Collect Millions During Second Quarter

By News Service of Florida |

With industries ranging from casinos to taxicabs looking to influence the Legislature, new reports offer a glimpse of the millions of dollars in fees that lobbying firms collected during the second quarter of the year.

Hedge Fund Latest To Bet On Housing Recovery

Senator Investment Group LP, the hedge-fund firm backed by Blackstone Group LP, disclosed a 6.3 percent holding in mortgage insurer Radian Group Inc.

James D. Gassenheimder

Bank Of America Settles Bankruptcy Case For $26.4 Million In Loans

By John Pacenti |

The liquidating trustee for Taylor, Bean & Whitaker settles with Bank of America, agreeing to take over a $26 million mortgage pool.

Banks On Notice, Regulators Looking For Rigging

Banks including JPMorgan Chase & Co., Citigroup Inc. and Morgan Stanley have been notified regulators are preparing enforcement actions on currency rigging.