Far West

A federal court judge has approved Miami's $1 million settlement with the Securities and Exchange Commission over charges the city acted fraudulently in taking steps to hide its deteriorating financial condition from bondholders.

Northern California’s East Bay Municipal Utility District has suspended Wells Fargo from investment, broker-dealer and underwriter business for one year, though it won’t upend existing liquidity agreements.

An alignment of Catholic Health Initiatives with Dignity Health to create one of the nation’s largest nonprofit health-care providers would be a positive credit factor for the two organizations, according to Moody’s Investors Service.

Alaska Gov. Bill Walker called off a planned $2.35 billion sale of pension obligation bonds citing a lack of legislative support.

Catholic Health Initiatives and Dignity Health are in negotiations that could result in creation of the nation’s largest nonprofit hospital chain or another form of “alignment.”

Vernon’s electric system revenue bonds were downgraded two notches to Baa3 and received a negative outlook as a result of chronically weak financial metrics.

The Treasury Department and Internal Revenue Service may rethink and re-propose controversial political subdivision rules, but will wait until next year to see what the next administration wants to do with them, a tax regulator told lawyers meeting in Chicago.

While the Securities and Exchange Commission remains silent on whether there will be more settlements under its continuing disclosure enforcement initiative, an SEC official said any party that voluntarily submitted potential violations will be told whether the commission plans to take action against them.

Oakland, Calif., Mayor Libby Schaaf said she remains committed to keeping the National Football League's Oakland Raiders, but will not use public money to win a bidding war against Nevada.

The Internal Revenue Service's Office of Tax-Exempt Bonds has told its auditors that, if an issuer redeems 100% of the outstanding principal amount of its tax-exempt or tax-credit bonds, the audit can be closed without further TEB action.