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GE, Dexia Units Said to Be Unnamed Firms in Rubin Muni Bid-Rig Indictment

GE, Dexia Units Said to Be Unnamed Firms in Rubin Bid-Rig Case | | | By Martin Z. Braun and William SelwayNov. 18 (Bloomberg) -- A unit of and a former subsidiary of Belgian bank were the two unnamed companies that allegedly conspired with a financial adviser charged by the U.S. with rigging auctions on municipal investment transactions, people familiar with the matter said. owned by...

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Allstate Sells Munis as CEO Wilson Says Governments `Not in Great Shape'

Allstate Sells Municipals as Governments Run Deficits (Update1) | | | By Jamie McGee and William SelwayNov. 5 (Bloomberg) -- , the largest publicly traded U.S. home and auto insurer, is paring its municipal-bond holdings because state and local governments are “not in great shape,” Chief Executive Officer said. “We’ve just recently begun to reduce our exposure to municipals because we...

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JPMorgan Pays $75 Million to Settle Jefferson County Interest-Swap Probe

JPMorgan Ends SEC Alabama Swap Probe for $722 Million (Update4) | | | By Martin Z. Braun and William SelwayNov. 4 (Bloomberg) -- agreed to a $722 million settlement with the U.S. Securities and Exchange Commission to end a probe into sales of derivatives that helped push Alabama’s most populous county to the brink of bankruptcy. JPMorgan will give Jefferson County, Alabama, $50 million,...