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Stock impact report

Trump Bond's Cayman Connection ‘Stinks to High Heaven' [Yahoo! Finance]

W.R. Berkley Corporation (WRB) 
Last w.r. berkley corporation earnings: 4/21 04:10 pm Check Earnings Report
US:NYSE Investor Relations: wrberkley.com/investor-relations.aspx
Company Research Source: Yahoo! Finance
But now, as even more details come out about that parent company—particularly that it's based in the Cayman Islands , a notorious tax haven —the concerns are just piling up. Former industry regulators and investigators told The Daily Beast that Knight Specialty Insurance Company being financially backed by a firm based in the Cayman Islands should raise eyebrows at the New York AG's office—particularly because companies frequently organize in the Cayman Islands not just to avoid taxes, but also to minimize visibility into its business practices, avoid more stringent U.S. regulations, and make liability harder should things go wrong. Trump's $175 Million Bond Is Even Shadier Than It Looks All of those concerns could come into play if the New York Attorney General has to chase the company down for the money Trump currently owes for committing bank fraud “This just stinks to high heaven,” said Dave Jones, who oversaw the nation's largest insurance market as California's insuranc Show less Read more
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