Philadelphia awarded a $190 million general obligation deal to banks the city is suing, alleging collusion on variable-rate debt.

Whistleblower Johan Rosenberg has alleged that the conspiracy cost issuers over $1 billion — $719 million in California, $349 million in Illinois, and $134 million in Massachusetts.

Municipal underwriters jockey for position as business increased 21.9% from the first quarter of last year.

With the Federal Reserve finished raising interest rates, some yield curve inversions would signal a coming recession, according to Brian Rehling of Wells Fargo Investment Institute.

Even before Tim Sloan stepped down as chief executive of the scandal-stung Wells Fargo, the bank had already gotten back into the good graces of the biggest U.S. state.

Cannava argues that emails, witness statements, and other evidence cast doubt on the SEC's claims that he acted recklessly.

The lawsuit filed in federal court is now the second national suit alleging fraud in the variable-rate debt market.

Banker Peter Cannava may be left to battle on alone, after the Securities and Exchange Commission and Wells Fargo told a federal court they have an agreement.

Shields, fired by Wells Fargo in December, joined Loop Capital Markets LLC as a managing director this week.

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.

Three lawsuits claiming fraud in the variable-rate demand obligation market are headed toward key court rulings in coming weeks.

Wells Fargo promoted Charles Peck to head of public finance, almost a month after firing Stratford Shields from the post.

The bank won't say what led to Stratford Shields' firing; his representative accused the firm of engineering the ouster.

Patrick McCarthy, Moira Baldwin and Ian Spier join Wells Fargo’s public finance team.

Tom Wynne is leading a new housing financing initiative in the West and Michael Colton is joining the New York team.

Wells Fargo Securities announced the additions of Randy Campbell and Jim Perry to its public finance team, both jumping over from Morgan Stanley.

While the ruling wasn't a total victory for Wells Fargo or banker Peter Cannava, the court's decision grants them three more months of preparation in their fight against the SEC.

The SEC contends it played fairly in prosecuting its case against Wells Fargo Securities and Peter Cannava, denying the defense's allegations of dishonest "legal gamesmanship."

The investment bank attributed the exit of 15 from the public finance team to market conditions and a strategic review.

Seattle is among governments that have lifted sanctions against Wells Fargo following a 2016 fraud scandal.