Banking

The central bank is creating a facility to provide financing to banks participating in the Small Business Administration’s Paycheck Protection Program.

While some types of revenue bonds may be less adversely affected than other types of revenue bonds, the entire market could see significant stress as the pandemic continues.

A big New York State Empire Development Corp. private placement is likely to be followed by more until the municipal primary starts functioning again.

Richard G. Bartow and his son Richard T. Bartow joined the office this week and will focus on K-12 education.

The issuance limit on tax-exempt private activity bonds for Industrial Development Bonds would be raised to $30 million from the current $10 million while the limitation for first-time farmers using so-called Aggie Bonds would be raised to $552,500 from $450,000.

Municipal fund managers are betting on lower credit quality paper and lower coupon bonds as they take advantage of the swell in supply.

About 27% of public and private universities will see a decline in net tuition per student in fiscal year 2020.

Gov. Phil Murphy creates implementation board aimed at advancing a state-owned banking institution.

The turmoil that’s gripped repo markets has turned into a stream of low-risk profits for some banks.