Illinois

Veteran-owned Academy Securities has hired Chicago-based public finance banker James Carter

Warnings about the weak health and liquidity risks of Chicago’ pension system litter the funds’ 2018 financial reports.

Illinois is building a foundation to chip away at the state’s massive fiscal challenges, according to Deputy Governor Dan Hynes.

Chicago Mayor Lori Lightfoot, her finance team, and sister agencies will provide in-person fiscal updates at the city's annual investors' conference.

The case's primary claim of anti-trust violations is potentially headed to trial later this month.

The evolution of the lawsuit has opened wide the window into high-yield stakes in the municipal industry and laid bare the relationships between broker-dealers and Nuveen.

The unnamed governmental entity is seeking recordings that are the subject of recently unsealed transcripts in Preston Hollow Capital’s defamation and antitrust lawsuit against Nuveen. Meanwhile, additional transcripts between Nuveen and Morgan Stanley/Goldman Sachs are now public.

Junk-rated Bridgeview will receive $65.5 million to allow the Chicago Fire to escape the lease and move to a center-city venue.

The Chicago-based firm adds to the dealer group's voice as it pushes for muni policy measures that have been stalled for years.

Illinois is the only state that has not yet published its fiscal 2018 comprehensive annual financial report and officials don't have an estimated release date.

Mayor Lori Lightfoot tapped aviation finance chief Reshma Soni for comptroller and elevated debt manager Jack Brofman to deputy CFO.

Poor returns piled another $2 billion onto Chicago's pension tab, but it won't add to the already $280 million contribution spike looming next year, according to its new CAFR.

While the best case scenario is a court dismissal, analysts think the state would support bondholders should the case goes against them.

The massive deal planned for August will bring debt from the former Dignity Health and Catholic Health Initiatives into a single credit group.

The recorded conversations document Nuveen's efforts to choke off Preston Hollow's access to capital and block what it considered predatory lending practices.

The Illinois governor says the state, with its low ratings, is in no position to absorb its largest city's massive pension liabilities.

Gov. J.B. Pritzker denounces the move as right-wing attack to harm the state's improved standing in municipal market.

Municipal bond buyers are taking a second look at new issues with 3% and 4% coupons against a backdrop of what has been a strong traditional preference for 5% bonds.

Investor confusion about Harvey, Illinois, and a local library district contributed to a municipal advisor and broker-dealer facing Securities and Exchange Commission charges in a bond offering gone wrong.

The city expects to save about $22 million in fiscal year 2020 from terminating the programs, Mayor Lori Lightfoot said on Thursday.