For years they have guaranteed rates of return above what they can earn in an era of low interest rates.

ECONOMIST: From bad to worse

Access to the salaries would give bank officials an opportunity to earn millions of dollars in interest in the course of a single year.

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If the project performs as the city expects over the 25-year term of the taxable and tax-exempt bonds, the developers will be repaid their principal and earn an interest rate ranging from 6% to 9%, said Rodney Crim, executive director of the St.

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