News and Information from Bond Buyer

The measure is a response to long-time criticism of ballot titles and summaries crafted by the California Attorney General's office.

The Missouri State Employees Retirement System filed an amended complaint against Catalyst Capital Group Inc. accusing it of mismanaging investments. The firm counters the fund is trying to shift the blame for its own mismanagement.

“Our state’s strong economic recovery has accelerated back to pre-pandemic levels for unemployment and GDP,” said Gov. Bill Lee.

Pushing the massive bill into 2022 reduces its overall chances of passage but increases the chances of reviving muni-related provisions.

Pandemic or not, major projects must continue, say New York Gov. Kathy Hochul and the Port Authority.

Edward Marquez, CFO of Miami-Dade County accepts the 2021 Deal of the Year Award for its seaport refunding.

The complex financing was the largest port transaction to come to market in the country since the start of the COVID-19 pandemic, and the high demand for the bonds highlighted investor confidence in the seaport sector.

Despite outside pressures, municipal fundamentals are strong with improving credit pictures, issuers flush with federal cash and the ongoing supply-demand imbalance.

The index, which tracks over 2,800 securities, went live Wednesday. While ESG investment considerations have grown around the globe, the muni market is at the beginning stages and there is no universally accepted definition of ESG.

Existing partisan divides and political pressures may influence how the infrastructure act's grants are allocated, one Congressman said.

FINRA found that RBC’s supervisory system did not flag recommendations that resulted in potentially unsuitable concentrations of high-yield bonds in certain customer accounts.

The odds of non-housing projects receiving private activity bond funding in California are slimmer as state officials focus on its housing crisis.

The state says it would rid itself of a $500 million deferred maintenance tab by selling and then buying back a 30% stake in the Thompson Center.

Lokken is a public finance attorney with 20 years of experience representing issuers, borrowers, underwriters and purchasers.

Experts discuss the latest ways firms are defining their value propositions and evolving their customer communications, experience and support.

An industry expert shares key takeaways on how institutions can implement sophisticated technologies to attract a younger generation of customers.

It marked the 40th straight week of positive flows into the long-term funds and brought the total inflows for this year near $82 billion. Exchanged-traded funds saw $168M of inflows.

A fight is brewing over whether the Oversight Board can preempt some of the territory's pension statutes.

The Securities and Exchange Commission has proposed amendments to its money market fund rules, which it has tinkered with repeatedly since the Great Recession.

Join industry experts to explore how financial institutions can better prepare for future compliance issues associated with the evolving landscape.