UBS

The preliminary approval was granted in a New Jersey federal court.

The public finance industry veteran brings his experience to the minority owned investment banking and advisory firm.

The Texas Attorney General's Office will announce by Jan. 13 whether Citigroup can continue to underwrite municipal bonds in the state under a 2021 law that prohibits contracts with companies that "discriminate" against the firearm industry.

UBS Group was the only bank that underwrites munis included in the state's list of financial companies determined to be boycotting energy businesses.

Steve Genyk, head of middle markets, will assume leadership of the public finance team on an interim basis, the firm said.

UBS was the only bank that underwrites municipal bonds on the list of 10 financial companies determined to be boycotting energy businesses under a Texas law aimed at protecting the state's oil and natural gas industry.

UBS was the only municipal bond underwriter included on the Texas comptroller's list of 10 financial companies determined to be boycotting energy businesses.

UBS' placement on the Texas comptroller's list of fossil fuel industry "boycotters" could jeopardize its role in a natural gas utility securitization bond sale.

Puerto Rico-based Ocean Capital is trying to gain control of several local tax-free income funds by electing members to the funds' board of directors, but current board members have refused to give up their seats.

The underwriters filed a defense to the court earlier this month and analysts are skeptical of MBIA’s chances of prevailing.