Banking

Muni market groups claimed victory after federal banking regulators moved to treat munis like all other types of Level 2B HQLA.

A report on cyber-related risks released Wednesday by S&P Global warned that “a successful attack on an entity with limited resources could have a credit impact.”

The central bank's survey of loan officers said banks are easing their credit standards for commercial and industrial loans as competition heats up.

Sen. John Kennedy, R-La., suggested he and Sen. Elizabeth Warren, D-Mass., may introduce a bill that would require MSRB to elect public members who represent consumers and are not just retired industry executives.

Kroll says the use of rating ceilings can "subvert fundamental credit analysis."

RBC is adding to its team even as smaller underwriting spreads have driven some players to reduce staff.

Changes the Federal Reserve Board made in 2016 to its Liquidity Coverage Ratio rules would treat munis more restrictively than other, similar Level 2B high quality liquid assets.

The city's voters will decide in November if it will establish the public bank.

The latest Federal Reserve data shows the first decline in bank holdings of municipal securities in nearly a decade, a result of tax reform, according to experts.

The muni market officially got much of what it has spent years fighting for on Thursday, when President Trump signed the banking bill that makes tradable, investment grade municipal securities high-quality liquid assets under federal banking rules.