Capital markets

The Louisiana State Bond Commission unlawfully banned two banks from underwriting bond deals because of their corporate gun policies, the lawsuit said.

Record inflows of cash to municipal-bond mutual funds coupled with the drop in tax-exempt yields has helped fuel the number of deals in more default prone sectors.

CommonSpirit Health will sell $2.7 billion of taxable bonds and $3.1 billion of tax-exempt debt, with BBB-plus ratings, into a supply-starved market.

Brown left city government at the end of Rahm Emanuel's administration.

Veteran-owned Academy Securities has hired Chicago-based public finance banker James Carter

A judge ruled the Miami-Dade County Expressway Authority can still write checks even though it was abolished in a bill signed July 3 by Gov. Ron DeSantis.

Registered advisory firm Dale Scott & Co. will pay $25,000, and one firm and one individual each will pay $10,000 for acting as unregistered solicitors.

The new budget draws down fund balances for new spending and tax relief but improving reserves and fully funded pensions cushion the state's ratings.

The Long Island township is emerging from the cloud of SEC scrutiny.

The municipal bond market will continue to see a swarm of mid-sized deals that will be taken down with ease, continuing the good times that have been fueled by 27 straight weeks of fund inflows.

Fitch Ratings cut Vermont's general obligation bonds to AA-plus, citing slower growth prospects driven by an aging population that isn't growing.

RBC Capital Markets added Ian Parker as it positions itself to help issuers bring to market billions of dollars in authorized affordable housing debt.

Persistent enrollment declines at Daemen College led Fitch Ratings to assign a negative outlook to the western New York school.

The tax hike should provide new recurring revenue that restores structural balance after years of weak reserve levels, according to S&P Global Ratings.

Former Hilltop Securities bankers Chris Allen and Gabriella Briceno have joined RBC Capital Markets in Houston where they will seek to grow RBC's financial advisory business.

The Massachusetts Port Authority expects to price $461 million of revenue bonds through a negotiated sale primarily to accommodate growth at New England's largest airport.

Mayor Lori Lightfoot tapped aviation finance chief Reshma Soni for comptroller and elevated debt manager Jack Brofman to deputy CFO.

It's reinvestment season and the market is poised to consume about $7 billion, with California State University and San Jose on the menu.

California retained its top spot in total volume, but New York State dominated with deal size, with two deals in the top five and five in the top 10.

The top municipal bond underwriters have outperformed their 2018 first halves in both volume and transactions year over year.