The top 10 saw three firms that were not in it last year and only one firm remained in the same position compared to the previous year's first six months.

Cheng, a six-year veteran of the rating agency, will be a senior vice president of Citi's Institutional Clients Group.

Underwriters of municipal bonds did the majority of business during the first two months of the year, before COVID-19 swept the country with sickness and severe spreading. The top underwriters accounted for $87.84 billion of bonds throughout 2,119 transactions, compared to $75.84 billion in 1,809 deals in first quarter of 2019.

Michael Bartolotta, who built his career at Hilltop Securities' predecessor firm, returns to its Houston office.

The top muni underwriters accounted for $406.51 billion in 10,582 transactions in 2019 compared to $320.35 billion in 8,549 deals in 2018. There was only one change in the top five year-over-year but spots six through 10 saw three changes. Barclays and Stifel both had big improvements in the rankings, while Raymond James dropped the most.

The state's public pension funds will divest holdings in civilian firearms manufacturing companies and prohibit future investments, Shawn Wooden says.

Major banks accused of manipulating the variable-rate market are seeking to get the court to toss out the second amended whistleblower complaint filed by municipal advisor Johan Rosenberg.

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.

The bond insurer may be seeking a more receptive audience for its claim that underwriters provided incomplete and misleading information about the bonds it insured.

Also revealed is the addition of longtime NABL member Perry Israel to the Edelweiss Fund legal team.

Municipal underwriters saw increased business, as demand for muni bonds jumped through the roof. Top muni underwriters accounted for $267.51 billion in 7,310 deals, up from $239.33 billion in 6,406 transactions in the first nine months of 2018.

The legal teams for Baltimore and Philadelphia asked the court to reject the banks’ plausibility argument as well as their claim that the suit is barred by a four-year statute of limitations.

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

The complaint filed by Philadelphia and Baltimore fails to rise to the level of specificity needed to prove conspiracy, Wall Street banks told a federal judge.

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

The top municipal bond underwriters have outperformed their 2018 first halves in both volume and transactions year over year.

Citi is losing another top-tier employee to retirement, as Ward Marsh announced his intention to call it quits after 45 years,

Gedale B. Horowitz, a Wall Street and muni veteran of more than 60 years, has decided to call it a career at the age of 87.

Citigroup, the largest underwriter for collateralized loan obligations, is introducing an electronic platform for orders in the secondary market for CLOs.

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.