Delayed Deal Costs Miami And Salomon

Sigo, Shelly
November 2002
Bond Buyer;11/4/2002, Vol. 342 Issue 31505, p1
Trade Publication
Reports on the $1.25 million loss incurred by Miami City Commission and Salomon Smith Barney Company after renegotiating a delayed bond deal. Views of Robert Nachlinger of Miami on the delay in closure of the bond issue; Possible reason behind Salomon backing out of the deal; Discussion on the reorganization plans of the city government proposed by Miami Mayor Manny Diaz.


Related Articles

  • Financial firms plan relocations. Khasru, B.Z. // Westchester County Business Journal;10/19/98, Vol. 37 Issue 42, p1 

    Discloses the business relocation plans of Westchester County, New York-based financial firms Merrill Lynch & Co. Inc. and Solomon Smith Barney. Speculations on size of business space needs; Company background and business operations of the two firms.

  • Hospital gets $3,000 gift for maternal, child project.  // Hudson Valley Business Journal;11/18/2002, Vol. 13 Issue 23, p16 

    Reports on the donations of Solomon Smith Barney to Nyack Hospital Foundation in New York. Support to the Bilingual Maternal and Child Heath Project.

  • 'Mind the Gap' strategy pays dividends for Salomon.  // Asset Securitization Report;10/21/2002, Vol. 2 Issue 41, p3 

    Reports the release of Solomon Smith Barney of research piece titled 'Mind the Gap—Between Secured and Unsecured.' Purchase of triple-B rated classes of monoline-issued credit card asset-backed securities; Announcement of the Memorandum of Understanding with federal bank regulators;...

  • ARE LOAN WORKOUTS RISKY BUSINESS? Glatzer, Jeffrey L.; Golub, Melissa // Banking Law Journal;Apr2004, Vol. 121 Issue 4, p322 

    In December 1997, a group of lenders participated in a $650 million syndicated secured credit facility for the benefit of Exide and certain of its borrowing subsidiaries. Credit Suisse First Boston Corp. served as the Administrative Agent, Joint Lead Arranger, Sole Book Manager and Lender for...

  • PEOPLE.  // Crain's Detroit Business;1/3/2005, Vol. 21 Issue 1, p10 

    This article presents information on personnel management in business enterprises of Michigan. Geraldine Drake has been promoted to director, interior design group at Ann Arbor Architects Collaborative, Ann Arbor, from leader, interior design group at Ghafari Associates, Dearborn. Michael Nestor...

  • Sandy Slips, Grasso Grovels. Jamieson, Dan // On Wall Street;Oct2002, Vol. 12 Issue 10, p12 

    Comments on cronyism on the boards of public companies and quasi-public self-regulatory organizations. Information on the case of Jack Grubman, telecommunications analyst at Salomon, Smith Barney's; Details on the reform proposal of Ken Duberstein and Treasury Secretary Paul O'Neill.

  • Principal-protected? Beware. Wang, Penelope // Money;Jan2003, Vol. 32 Issue 1, p48 

    How is this for an appealing investment option? You are guaranteed never to lose any of your initial investment--and yet you can still earn stock market returns. That's the promise of so-called principal-protection or guaranteed funds, which purport to combine the stability of bonds with the...

  • News Flash.  // Money Management Executive;8/21/2006, Vol. 14 Issue 33, p2 

    The article offers news briefs related to finance in the U.S. The U.S. Southern District Court has dismissed a lawsuit against Solomon Smith Barney that accused the firm of paying undisclosed fees to financial advisers and brokers in promoting its funds. The Securities and Exchange Commission...

  • Florida. McEntee, Christopher // Bond Buyer;08/14/97, Vol. 321 Issue 30209, p28 

    Reports on developments concerning the municipal bond market in Florida as of August 14, 1997. Cooperation between Jim Eaton in the investigation of bond deals in the region; Broward County's search for a new administrator; Joe Gersten's request for a refugee status in Australia.


Read the Article


Sign out of this library

Other Topics