Banking

The central bank will increase support for credit issued through the Main Street Lending Program while providing midsize firms with more flexibility on the amounts they receive.

Getting crisis leadership right is vital to the well-being of employees, customers, and ultimately the business itself.

Oppenheimer will have its work cut out for it with the aim of being a major player in California's municipal banking business.

The policy case for federal support is strong: in the coronavirus era, the U.S. is looking at an emergency that is the equivalent of 50 states worth of hurricanes, fires and floods, lasting more than two years, with a very slow economic rebound.

Technical and fundamental concerns surrounding credit and supply could present challenges for the market going forward but participants tepidly welcomed signs of stability.

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.

Wells Fargo & Co. has named Charles Scharf to be its new chief executive officer.

Head of Municipal Credit Research, Whitehaven Asset Management

Bank holdings in municipal securities continue to decline, as retail investors and mutual funds increase their holdings.

The fifth-generation banker, who has already been serving as a central bank governor, was confirmed by the U.S. Senate in a 60-31 vote.

It hasn't stimulated loan demand in ways banks hoped it might, and some CEOs fear future rate cuts might cause companies to hunker down.