City of New York, NY

Municipal bond veteran Paula Dagen will join the Northeast public finance group.

New York City Comptroller Scott Stringer cited pension fund gains while challenger Michel Faulkner said the incumbent doesn't stand up to mayor Bill de Blasio's spending.

The mayor cited high reserves and bond ratings while challengers Nicole Malliotakis and Bo Dietl called his spending reckless.

New York State's locally-owned bridges need $27.4 billion to repair aging infrastructure, according to the state's top fiscal officer.

The New York City Transitional Finance Authority said it plans to sell $850 million of tax-exempt fixed-rate future tax secured subordinate bonds on Wednesday, Oct. 18. There will be a two-day retail order period starting on Monday, Oct. 16.

The program to purchase and support affordable mortgages for New Yorkers will include an RBC unit and provisions for military veterans.

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.

Puerto Rico bonds plunged on Wednesday after President Donald Trump suggested the commonwealth’s debt needed to be “wiped out” to help the island recover from the devastation caused by Hurricane Maria.

Puerto Rico bonds took a big hit on Wednesday after President Donald Trump suggested the commonwealth’s debt needed to be “wiped out” to help the island recover from the devastation caused by Hurricane Maria.

Puerto Rico bonds took a hit on Wednesday after President Donald Trump suggested the commonwealth’s debt would need to be wiped clean to help the island recover from the devastation caused by Hurricane Maria.