Subprime Lender PrimaLend Enters Bankruptcy After Bond Default

PrimaLend Capital Partners filed for bankruptcy after months of negotiations with creditors following missed interest payments on its debt.

Bloomberg
Vanguard Slashes Fees for Mutual Funds, ETFs

Vanguard Group has slashed the fees for dozens of its mutual funds and ETFs in a record move that’s likely to send a shock wave through the asset management industry.

Bloomberg