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The group of banks would pay $68 million to settle the lawsuit, which originally estimated damages at $340 million.
July 17
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The plaintiff that brought the case on behalf of the state says the banks inflated interest rates through a private, invitation-only VRDO index that influenced SIFMA's weekly index.
July 12
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Treasurer Dale Folwell said the law protects retirees' money from being used for what he called Wall Street's "wacktivist" agenda.
July 12
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Through proposed SEC regulations, federal grants and cybersecurity insurance, areas of the public finance industry are adjusting to costly and omnipresent cyber threats.
July 7
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The Bond Markets and Racial Equity Project is an effort to center equity in municipal bond-funded investments.
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"I got cut," he told The Bond Buyer. "I'm looking for a new job now."
June 26
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After holding at its last meeting, the Federal Open Market Committee may decide to raise rates again in July.
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The measure would have prevented state and local public entities from requiring a company to implement an ESG policy to get a government contract.
June 20
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In a speech, the Federal Reserve Board governor said tighter monetary policy is not to blame for the volatility seen in the banking system this spring.
June 16
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Molloy will be leaving the banking giant for the nonprofit sector. Dan Tomson and Paul Creedon, co-heads of public finance, will be taking over his responsibilities.
June 9
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House Republicans are seizing on the debt ceiling crisis to hammer home criticisms of economic policy.
June 6
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From the battlefield to the boardroom, military veterans are making their mark in the financial services industry today. Hear their stories in this special podcast featuring Academy Securities, AmeriVet Securities, Bancroft Capital, Drexel Hamilton, Mischler Financial Group and Roberts & Ryan. Chip Barnett hosts. (45 minutes)
May 31
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The New Mexico treasurer recently sent an alert to local governments warning that some are bypassing state banking rules on public deposits.
May 26
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New York City is keeping a wary eye on Congress as it considers whether to pause a refunding deal set for next week.
May 24
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Senior Bank of America investment banker Jill Schwartz discusses her own board roles, how women can serve on nonprofit boards, and how they can drive change, in conversation with Chana Schoenberger, American Banker's Editor-in-Chief.
May 23
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Diversity, equity, and inclusion concerns are exerting more influence in public finance.
May 23
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The new law's uncertain impact on cities and states has been a hot topic at the GFOA's annual conference this week.
May 23
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When it comes to federal funds flowing to cities and states, top issues to watch are a potential claw back of stimulus aid, fresh infrastructure fund opportunities and guidance on first-of-its-kind tax credits.
May 22
