Regional News
Amalgamated Provides More Financing for Scranton
Tuesday, January 29, 2013
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Amalgamated Bank is providing a second round of financing to Scranton, Pa., so that the city can pay its employees and other obligations. The bank won't say what it's charging the city.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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