Citigroup Global Markets Inc. has lured four members of UBS Financial
Pellegrini succeeds managing director Raymond Noga, who previously headed
Pellegrini reports to Francis Chin, managing director and head of public
Also coming over to Citigroup are Michael Baldwin, Nadine Mentor, and
A spokesman at Citigroup confirmed all four were hired.
Christine Anderson, a UBS spokeswoman, confirmed that all four had left
In 2004, UBS ranked fourth in Florida as it served as senior manager on
The Texas city is facing a potential level 1 emergency, indicating the water system is 180 days from supply not meeting demand.
Financial markets, including the muni market, priced in too much of a "sure thing, done deal" Wednesday morning, said Kyle Gerberding, director of trading, a portfolio manager and partner at Asset Preservation Advisors.
The state Supreme Court's decision did not address the 2022 law's governmental contract ban for businesses deemed to be "boycotting" the fossil fuel industry.
"We need private capital," the transportation secretary said.
"I would much rather invest in the muni, both in terms of default rates and in terms of the yield that you're getting off of those," said Travis Lower.
Wednesday's market rally is tied to President Donald Trump's announcement of the temporary ceasefire, which came about Tuesday night, an hour and a half before the president's 8 p.m. deadline, market participants said.
