August 15, 2022

Royal Caribbean reaches deal on USD 700 Mn loan

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From World Maritime News Miami-based cruise line Royal Caribbean Cruises Ltd. (RCL) has entered into a USD 700 million loan agreement to finance a part of the Silversea Cruises acquisition deal. The company informed that the proceeds from the 364-day unsecured term loan agreement, which was signed on June 29, would also be used to pay fees and expenses related […]

Five megabanks learned to ‘Game the System,’ Feds say

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By Jenna Greene, From The National Law Journal Five megabanks agreed to pay more than $4.2 billion in penalties to settle charges by U.S. and European regulators of attempting to manipulate global foreign-exchange benchmark rates. Characterizing the misconduct as “egregious and brazen,” Aitan Goelman, the U.S. Commodity Futures Trading Commission director of enforcement, in a […]