Moody's Investors Service last week upgraded Wells Fargo Bank & Co.'s
The rating action propels Wells Fargo into a unique spot as the only
In the letter-of-credit market, Wells Fargo has not been a major
David Fanger, Moody's analyst on Wells Fargo, said in a report that the
The agency believes these attributes should lead to the continuation of
Standard & Poor's rates Wells Fargo's senior unsecured debt
Since mid-2002, the corporate ratings on a number of banks have been
The Federal Reserve governor's term was set to expire in January and President Donald Trump has made it clear that she would not be reappointed. The vacancy will give Trump an opportunity to appoint someone new to the central bank's board.
Municipal yields fell four to seven basis points, depending on the curve, while UST yields rallied nine to 30 basis points, with the largest gains on the front end.
Legislation that would put a tighter limit on property tax increases for larger cities and counties advanced out of a Senate committee on Friday.
Moody's cited continued liquidity improvements in the ratings lift for the northern California clean energy aggregator.
The federal government didn't have enough influence in the resulting haircuts to the COFINA bondholders for it to be liable for their losses, the court said.
This is the fourth consecutive month where issuance has topped $50 billion.
