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William Blair Hires Stephens Vet to Lead Muni Underwriting
Chicago-based William Blair & Co. hired veteran underwriting manager John Feery to lead its negotiated underwriting group, finalizing leadership team changes as the firm pursues its national expansion path.
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Assured Guaranty will provide Kentucky's Paducah Power System with surety bonds to free up some debt service reserves at the cash-strapped utility, according to PPS officials. more »
In the shadow of the biggest Wall Street empires, Hennion & Walsh has managed to thrive for a quarter of a century. more »
The Texas Department of Transportation saved $380 million in net present value, or 21% of its refunded debt, through a $1.68 billion toll bond issue, officials said. more »
A calm environment atypical for January, low interest rates and the floating rate note enabled New York's MTA to upsize its bond sale, said finance manager Patrick McCoy. more »
PFM Asset Management Group (PFMAM) has added a new managing consultant to help expand the firm's multi-asset class management business on the east coast. more »
Ten Texas financial advisors with Southwest Securities jumped to Samco Capital Markets after SWS was acquired by Hilltop Holdings Inc., the parent firm of First Southwest Co. more »
Syncora Investment Holdings, a wholly owned subsidiary of Syncora Guarantee, Inc., has purchased a majority stake in the independent derivatives advisory firm, Swap Financial Group. more »
Jim Haddon is leaving Public Financial Management Inc. to join Ramirez & Co., where he will be a member of the senior executive team. more »
Analysts attribute the spate of municipal bankruptcies since 2011 to the aftereffects of the 2008 credit crisis and Great Recession, as well as changing attitudes about debt. more »
Municipal bond defaults, which increased to record levels last year as Detroit's bankruptcy boosted the total, may remain elevated this year. more »
The University of Notre Dame is selling $400 million of Aaa-rated taxable bonds this week to refund hedged variable-rate bonds and raise money for the largest building project in the university's history, centered on its iconic football stadium. more »
A committee of NFL owners and players hired PFM Asset Management to oversee the investments of their defined contribution plans. more »
Investors will celebrate a $3 billion boost in volume this week, highlighted by a large, well-known New York credit, following the seasonally-light first official week back to market. more »

Contrary to the assertion in a Bond Buyer article that the 2010s may turn out to be the decade of the municipal bankruptcy, it is remarkable how few muni bankruptcies were sought in the wake of the most severe fiscal crisis to hit local governments since the Great Depression.

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