Banking

Susan Courtney of PGIM Fixed Income navigates her muni team toward value in improving market.

An unsealed whistleblower lawsuit accuses eight Wall Street and regional banks and broker-dealers that served as remarketing agents of fraud and collusion in resetting rates for variable rate demand obligations issued by state and local issuers in Illinois.

The household sector’s direct ownership of outstanding muni debt has dropped by $103 billion year over year -- and by more than $300 billion since 2010.

After more than three decades in the research and portfolio management trenches, Nguyen will head municipal credit and professional services at Triangle Park.

The National Association of State Treasurers is using infrastructure finance as an argument to urge lawmakers to pass legislation reclassifying some munis as high-quality liquid assets.

The House has approved similar municipal securities and Puerto Rico provisions, but has wanted more sweeping bank deregulation legislation than the Senate.

A sweeping bank regulatory bill under debate in the Senate is very close to achieving something the muni market has been fighting for since 2014: the inclusion of municipal bonds as high-quality liquid assets.

Consumer credit increased by $19.9 billion in January to $3.855 trillion, the Federal Reserve reported Wednesday.

Investors should minimize risk, upgrade quality, and remain defensive awaiting higher rates and price discovery, according to analyst reports this week.

Analysts say states' and cities' unfunded infrastructure should be viewed as a liability, along with debt, pensions and other post-employment benefits.

Three banks are providing a revolving loan fund of $40 million to two New York City programs that help minority and women-owned business enterprises.

The governor, treasurer, attorney general and legislature are all working to facilitate banking services to the market.

The former Morgan Stanley co-head of public finance has joined a Dallas-based municipal finance solution provider.

The new tax law and imminent scarcity threaten to change market dynamics for muni buyers in 2018.

Freddie Mac is broadening its capital markets vehicles with its first offering of participation certificate securities backed by multifamily tax exempt loans.

Bank loan documents often have corporate tax gross-up provisions.

On Jun. 30, 2017. Dollars in thousands.

State Treasurer John Chiang wants a study to consider a state bank for the legal pot industry.

The firm added three veterans to its debt capital markets group to expand its capabilities.

Investors expect insurance, federal assistance, and rebuilding to uphold credit quality in hurricane states.