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Assured Guaranty Corp. Requests that Moody's No Longer Rate AGC
Assured Guaranty Ltd. requested that Moody's Investors Service withdraw the rating on its Assured Guaranty Corp. subsidiary, saying it doesn’t reflect a strengthening in the unit’s credit.  more »
The Financial Industry Regulatory Authority ordered UBS to hand over $18.2 million for misleading a family of investors in Puerto Rico closed-ended funds, the second highest fine for individual investors against UBS in these cases. more »
Pennsylvania has transferred and consolidated three investment funds worth a combined $2.3 billion to reduce its fee payout to Wall Street managers. more »
Financial advisor Montague DeRose & Associates has merged with Annette Yee & Company. more »
Chicago is conducting a full court press with investors this week to promote a $1.16 billion general obligation bond sale. more »
Bank of America Merrill Lynch and Public Financial Management Inc. widened their leads in municipal market rankings in a record-setting year for issuance. more »
Wisconsin hits the market with its first sale of the New Year to refund $523.6 million of appropriation- backed bonds with hopes of hitting double digit savings even with the post-election rise in rates. more »
Fund managers' reaction to a possible repeal ranged from cautious to opportunistic, as President-elect Trump and lawmakers say they plan to transition to a new health care program. more »
The University of Connecticut intends to sell $335 million in GO bonds to fund capital projects that include relocating its Greater Hartford campus. more »
Two bond insurance subsidiaries of Assured Guaranty Ltd. have made interest payments to holders of insured general obligation and other bonds after Puerto Rico and certain of its instrumentalities failed to pay on Jan. 3, 2017. more »
Municipal bond volume reached an all-time high in 2016, driven by refundings in the middle of the year, as issuers looked to take advantage of low borrowing costs. more »
The University of Pittsburgh intends to sell roughly $525 million of Series 2017A taxable university refunding bonds. more »
The Los Angeles Department of Power plans to price $500 million in power revenue bonds next month as the first installment in $4.5 billion in bond sales planned over a five-year period. more »
Volatility whipsawed the municipal bond market in 2016 as the election of Donald Trump was followed by a swift and severe sell-off in the fourth quarter. more »

New York State Comptroller Tom DiNapoli discusses taking over New York's finances in midst of the Great Recession, the health of the state's pension fund and whether he has goals to run for higher elected office. Hosting this podcast is northeast regional reporter Andrew Coen.

Following the Bridgegate scandal, there's been another political collision in the Port Authority of New York and New Jersey's world.

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