Bank of America Merrill Lynch

The Municipal Forum of New York presented awards to four people at its annual fund-raising dinner in Manhattan on May 3. Money raised at the dinner is used to support the Urban Leadership Fellows internship program to support high school seniors heading to college.

The two biggest U.S. banks raised their forecasts of how quickly the Federal Reserve will raise interest rates this year, with Bank of America Corp. predicting a move at every meeting to tackle the highest inflation in four decades.

FINRA said the firm failed to detect and resolve short positions in municipal securities

Director, BofA Securities, Inc.

Colleagues admired Sitzer, who died Saturday, for his deep knowledge of the industry, his relationships and his personal touch.

The Financial Industry Regulatory announced the action Wednesday, saying it stemmed from the firms' supervisory failures.

The suit challenges the State Bond Commission's policy of excluding bond underwriters with policies that limit their lending to some gun makers and sellers.

Attorneys for the State Bond Commission said the lawsuit was filed too late and there was no violation of law.

The Louisiana State Bond Commission unlawfully banned two banks from underwriting bond deals because of their corporate gun policies, the lawsuit said.

Adding $374 million alleged in New York to the three other cases also filed by Johan Rosenberg brings the total damages claimed to $1.58 billion.

Municipal bond underwriters suffered from muted issuance under the new tax laws, as Bank of America Merrill Lynch remained on top of the year-end rankings.

Commissioners made no mention of gun policies that led them to oust Citi and Bank of America Merrill Lynch from the deals.

The State Bond Commission barred the banks from upcoming Garvee bond deals, and said its action may apply to other state bond issues.

Bank of America Merrill Lynch held its No. 1 ranking among municipal underwriters as the biggest firms battled for deals in a shrinking market for new issuance.

The toll revenue bond deal will put the authority's debt under one indenture.

Bank of America Merrill Lynch used a big second quarter to overtake Citi at the top of the municipal league tables, while Morgan Stanley, RBC Capital Markets and Goldman Sachs moved up in the first half rankings.

Barclays is bolstering its Chicago team with three banking additions at the expense of Bank of America Merrill Lynch.