In our Reality Check stories, CDT journalists dig deeper into questions over facts, consequences and accountability. Read more. Story idea? cdtnewstips@centredaily.com. Some Penn State employees still feel left in the dark after numbers for the Voluntary Separation Incentive Program were released. The University Faculty Senate held a special plenary meeting on Wednesday where they heard […]
Tag: Buyouts
Penn State commonwealth campuses to lose 10% of staff through buyouts that will cost $43M
More than 380 Penn State commonwealth campus employees opted to take part in the university’s Voluntary Separation Incentive Program, in which eligible employees could volunteer to leave the university with pay and benefits. The university released information about the VSIP participation and changes to the administrative model for the commonwealth campuses on Tuesday. Last month, […]
Buyouts of Delinquent Commercial Real Estate CLO Loans Jump 210% as Multifamily Landlords Struggle
(Bloomberg) — As delinquencies on multifamily mortgages pile up, lenders who had bundled those borrowings into securitizations known as commercial real estate collateralized loan obligations are racing to stave off trouble. Most Read from Bloomberg To keep the share of bad loans from spiking too high — a development that would cut the issuers off […]