Organization Root Tag

FINRA fined Quint Capital Corporation $35,000 and its founder Alexander Quint $10,000 over their role in allowing a broker banned by the SEC and FINRA to work for the firm.

The Fed in a statement said Brainard submitted her resignation Tuesday, and that it will be effective on or around Feb. 20.

Detroit raised its fiscal 2023 and 2024 revenue projections but is proceeding with caution as a potential recession could put a dent in collections and pressures loom as pension payments resume.

The board says the Ad Hoc Group of PREPA bondholders wrongly focused on "confirmation" issues in their attack on the board's proposed disclosure.

Two officials said Tuesday that interest rates may need to move to a higher level than anticipated to ensure inflation continues to ease.

Midwest borrowing last year went from 11% year-over-year growth in the first quarter to a 48% plunge in the fourth quarter.

A reduction in the program's reserves and February debt payments and maturities of outstanding guaranteed bonds will increase capacity by $7 billion to $9 billion.

The Federal Reserve will likely have to keep raising interest rates to rein in price growth, which could slow economic expansion and affect the jobs market, Governor Michelle Bowman said.

Low income residents of Puerto Rico won't be charged the proposed monthly fees the Oversight Board said.

"We actually are increasing the odds — we can get a soft landing. That doesn't mean we're out of the woods," Harker said.

"The large taxable refunding or combined transactions were accomplished earlier in the year when rates were relatively low," says John Hallacy.

The central bank has raised rates aggressively for nearly a year, but experts believe the hiking cycle is nearly over.

The proposed Rule G-46 seeks to clarify certain rules specific to solicitor municipal advisors, a very specific group of professionals.

"I think ESG is here to stay in our market. I think it's a natural fit with the types of infrastructure that our market finances," said MSRB CEO Mark Kim.

The Securities and Exchange Commission's examination priorities for the year include big ticket items like Regulation Best Interest.

Federal Reserve Bank of New York President John Williams said forecasts officials submitted in December are still a good guide for where interest rates are headed this year and that policy may need to stay at restrictive levels for a few years to get inflation down.

States are dealing with budget surpluses with taxpayer rebates, infrastructure projects and debt service.

The Oversight Board and the other PREPA parties are attempting to create precedent that frontally attacks not only PREPA bondholders and their insurers but also municipal revenue bond finance and basic bankruptcy jurisprudence.

Citigroup's cuts included veteran public finance banker Thomas Coomes, who had co-led the bank's Midwest region.

"We think we are going to need to do further rate increases," Powell said Tuesday.