Public finance

Credit Suisse Group settled a three-year-old lawsuit by Assured Guaranty accusing the bank of misrepresenting the quality of loans in mortgage-backed securities it insured.

A renewed interest in subdivisions that stalled during the recession is likely the main reason the California Debt and Investment Advisory Commission reported doubling of refunding volume in land-secured Mello-Roos bonds from fiscal year 2011-12 to 2012-13, according to government consultant Larry Kosmont.