Finance News

Tesla Model S

Wow! This is What a West Palm Condo Developer is Giving Away With Units

By Samantha Joseph |

Glozal Group is offering a free $70,000 Tesla Model S with dedicated parking space and built-in charger with each of the multimillion-dollar condos at Z Palm Beach Residences.

 Gov. Rick Scott

New Obstacle for Local Pension Changes: Cities

By News Service of Florida |

Emboldened by the reelection of Gov. Rick Scott, city governments are now balking at an overhaul of police and firefighter pensions that they supported during last year's legislative session.

Straub Threatens to Walk Away From Revel Deal

Florida developer Glenn Straub, in line to buy Atlantic City's former Revel casino hotel, is threatening to walk away from the deal if a court ruling goes against him.

Jeff Greene

Billionaire Jeff Greene Bemoans Job Crisis

Jeff Greene, who amassed a multibillion dollar fortune betting against subprime mortgage securities, says the U.S. faces a jobs crisis that will cause social unrest and radical politics.

Barack Obama

Obama Pledges to Veto Measures Weakening Dodd-Frank Law

President Barack Obama pledged to veto any legislation that weakens new curbs on Wall Street as banks and the Republican-led Congress increasingly seek to roll back the Dodd-Frank financial-regulation law.

S&P Agrees to Pay $19 Million to End State CMBS Claims

Standard & Poor's agreed to pay $19 million and halt part of its commercial-mortgage bond business for a year to settle claims by two states that it altered its criteria for rating eight deals to win business.

High-Speed Trading Fills Void Left in Proprietary Desks

Wall Street banks struggling with recently defanged currency-trading desks have found a surprising ally: high-frequency traders.

Bank Losses From Swiss Currency Surprise Seen Mounting

The $400 million of cumulative losses that Citigroup Inc., Deutsche Bank AG and Barclays Plc are said to have suffered from the Swiss central bank's decision to end the cap on the franc may be followed by others in coming days.