Assured, Orrick Top League Tables Amid Stiffer Competition
Assured Guaranty and Orrick, Herrington & Sutcliffe LLP held onto their No. 1 rankings as competition among municipal bond insurers and counsel heated up through the first three quarters of 2016.  more »
The Chicago Park District heads into the market with a $119 million issue with pension reform clouds overshadowing its strong operating results and double-A ratings. more »
The Michigan Finance Authority hits the market Wednesday with a top-rated $300 million new money and refunding under its clean water revenue bond program. more »
The Illinois State Toll Highway Authority's proposed 2017 budget calls for nearly $1 billion in capital spending supported by $300 million in toll-backed borrowing. more »
Underwriters’ counsel should be more proactive in keeping up to date with regulators’ concerns and then communicating those to their underwriter clients, a dealer official said here. more »
State budget troubles provided the backdrop as Connecticut sold $650 million in general obligation bonds and GO green bonds. more »
The city of Tamarac brings a small deal to market amid a heavy slate this week that officials believe is only the third public green bond offering from Florida. more »
Massachusetts Treasurer Deborah Goldberg has banned Wells Fargo from its list of approved underwriters for one year, citing the fake-accounts scandal, more »
R. Seelaus & Co., Carty & Co., and Emmet & Co. have agreed to pay a total of $83,000 to settle separate charges by the Financial Industry Regulatory Authority related to unfair markups, trading below the minimum denomination, and trade reporting failures involving municipal securities. more »
Gary Hall, national head of investment banking at Siebert Cisneros Shank & Co., has become the firm’s newest equity partner, the company announced on Monday. Hall, who becomes the firm’s sixth equity partner, is based out of the firm’s West Coast headquarters in Oakland. more »
Ohio became the latest bond issuer to suspend doing business with Wells Fargo & Co. over its phony accounts scandal. more »
Illinois’ yield penalties widened Thursday as the nation’s lowest rated state sold $1.3 billion of general obligation refunding bonds against a tide of negative fiscal and market headwinds. more »
Siebert Cisneros Shank & Co., one of the top municipal bond firms in the United States and the largest African-American, Latino and woman-owned investment bank in the nation, celebrated its 20th anniversary on Thursday. more »
Illinois will remarket floating-rate paper in a direct placement set for Nov. 7, resolving a potential strain that expiring letters of credit posed for its already stressed balance sheet. more »

Manhattan Institute senior fellow Nicole Gelinas discusses the many challenges facing New York regional transportation with The Bond Buyer's Paul Burton and Andrew Coen. Topics include capital funding, Port Authority and MTA megaprojects and alternative funding to counter the L subway line shutdown.

The SEC's MCDC initiative is causing many municipal issuers and underwriters to change the way they do things.

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