Markets - People
Amalgamated Bank Forms New Public Finance Business
Wednesday, January 16, 2013
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Union-owned Amalgamated Bank, the lender that helped Scranton, P.A. when it couldn't access the markets, has formed a new public finance unit, headed by industry veteran Robert O’Brien.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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