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Banks Mark Down Oracle’s $18B Data Center Loans Amid Stalled Sales
x/openai
— 6d
Banks are struggling to place about $18 billion of loans backing Oracle’s Project Jupiter data center in Doña Ana County, New Mexico, with the debt quoted at 89 to 91 cents on the dollar as investor concern grows over Oracle’s rising borrowing and weak credit metrics. Local opposition and regulatory hurdles, including a halted natural gas pipeline plan, compound financing challenges for the Oracle-OpenAI AI infrastructure project.
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Six Banks Reported Agreeing to $86.4M Bond Settlement
x/citigroup
— Aug 17, 2026
Six major banks' Mexican banking affiliates agreed to an $86.4 million settlement to end an eight-year U.S. antitrust lawsuit alleging coordination to rig prices and allocations in Mexico's government bond market, with the preliminary filing in Manhattan pending judicial approval. When combined with earlier settlements by Barclays and JPMorgan Chase, the deal would total about $107.1 million, and the banks deny wrongdoing while investors—led by pension funds—cite evidence of trader communications showing price manipulation from 2006 to 2017.
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Former Indiana Beauty Queen Arrested in Mexican Drug Cartel Bust
Reporting
— May 27, 2024
Two bank workers and a former beauty pageant winner from Indiana have been charged with assisting a Mexico-based drug trafficking organization with money laundering. The federal indictment related to the case was…
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Bank of Mexico lifts 2026 growth outlook to 1.5%
Finance
— Aug 26, 2026
Banxico raised its 2026 growth forecast to 1.5% as Q2 growth surprised to the upside and inflation pressures linger, with markets cautious ahead of a Fed speech as stocks declined and the peso held steady. In July, informal sector jobs surged by about 1.08 million while formal jobs fell by roughly 413,000, pushing informality to 56.2% and raising concerns about underlying growth despite a record first-half FDI and 2Q GDP growth of 1.4% quarter-on-quarter.
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IJR
Mass Immigration Drastically Altered California’s State Landscape, New Study Finds
Elizabeth Bandelin · 3 min · 8h