Banking

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.

Muni market groups got a long-awaited win when the House passed banking legislation classifying certain munis as high-quality liquid assets, even if it wasn't as big a win as hoped.

The bank deregulatory bill passed by Congress on Tuesday would also make fewer banks systemically important and close a legal loophole that had allowed banks to defraud Puerto Rico investors.

Moody's sees minimal, but still credit positive, revenue effects for governments that tax legal cannabis.

A deal struck between House and Senate leaders could lead to a vote as soon as next week on a banking bill that would classify munis as high-quality liquid assets and make them more attractive investments for banks.

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.