Subject Root Tag

The bill is expected to pass this week in a move that would open the flood gates for banks and financial institutions to involve themselves legally in the banking of cannabis profits.

Federal Reserve Bank of Chicago President Austan Goolsbee said it's possible for the U.S. to avoid a recession even as the central bank raises interest rates.

Rai joins Wells as senior strategist after he was let go by Citi in June.

Daily report for September 25, 2023

S&P said the outlook revision reflects "our view that Pennsylvania has continued to make progress toward structural budgetary balance." Earlier this month, Moody's revised its outlook on the state to positive.

The Texas Water Development Board leads the new-issue calendar with $1 billion of revenue bonds.

The long-time high-yield muni manager left Nuveen in April when the firm settled a contentious lawsuit with Preston Hollow.

The MAMBA Act would modernize IRS rules affecting private activity bonds.

Bond trustee UMB Bank informed owners of the defaulted debt they may have actionable claims related to the bonds' sale.

Costs jumped faster than revenues increased for the New Jersey Meadowlands mall in 2022, according to its annual financial report.

The artificial intelligence revolution has arrived. NYC's CTO, Matthew Fraser, tells American Banker's Executive Editor of Technology, Penny Crosman, how new technology is shaping policy in America's largest city.

State Controller Malia Cohen said she stepped up to help draft audit guidelines following a charter school fraud case that cost the state $400 million.

The Metropolitan Transportation Authority pledged in a legal settlement to devote nearly 15% of its capital plan to make more of its facilities accessible.

Daily report for September 22, 2023

The general bias toward muni rates is that they would be a bit higher with technicals "being a little less supportive than they were in August, plus what we heard with from the Fed 'higher for longer,' and potentially another hike," said Jeff MacDonald, head of Fixed Income Strategies at Fiduciary Trust International.

The private equity firms accused the bank of concealing key changes to a credit agreement, in part because it wanted to win future muni bond business from Brightline Holdings.

State and local governments showing strength in a time of financial uncertainty

The 10 regional and categorical winners, all of whom will be finalists for the national Deal of the Year award, will be announced the week of November 13.

The city ranks last among 32 U.S. cities in an index that tracks secondary market prices for general obligation bond debt.

The Bipartisan Infrastructure Law gives the country "the best start we've ever had," in setting up a national bullet train network, Transportation Secretary Pete Buttigieg told a House panel Wednesday.