Banking

At stake was the treatment of nearly $1 billion of Puerto Rico bonds and notes.

Enrollment and inflation-adjusted net tuition trends are negative.

The Kentucky Bankers Association is seeking to halt Attorney General Daniel Cameron's investigation into climate commitments made by six large banks. The suit alleges that the AG overstepped his authority by seeking to compel the banks to turn over certain documents and communications.

The appeals court judges seemed unmoved by the arguments.

Cervantes, who joined the board as a member earlier this year, retired from Stifel in October 2020.

The MSRB announced new board leadership as well as a revision to a controversial fee structure proposal.

MMA revised down its credit outlook for several sectors noting that looming credit trouble in the second half of the year may underpin a bleak credit and operating situation for certain issuers.

The MSRB’s proposed changes to its fee structure fails to address the discrepancy between fees generated from dealers and municipal advisors in addition to a lack of transparency in its budgeting process.

The Municipal Securities Rulemaking Board has filed a proposal to change its fee structure to account for prior year market results in a move that will help the board cover budget shortfalls.