Capital markets

The southern regional banks wouldn't say what will happen with their capital financing divisions when their merger closes.

At BB-minus, the city remains three notches below investment grade. A changed rating methodology for priority-lien revenue debt also pushed $430 million of bonds to speculative grade.

Moody's Investors Service upgraded Newark to Baa2 from Baa3.

Henry Cisneros and the principals of Siebert Cisneros Shank & Co. have launched American Triple I Partners.

The Sacramento City Unified School District is on track to have a negative cash balance in November.

Weaker operating results led S&P Global Ratings to lower its outlook for the Evanston, Illinois-based university.

Enright, who died of bone cancer at 72, held fiscal positions with local governments before starting a nearly 30-year investment banking career.

PFM says the acquisition will broaden its reach into special districts and land-secured municipal financings in Florida and across the country.

Shields, fired by Wells Fargo in December, joined Loop Capital Markets LLC as a managing director this week.

Mt. Pleasant, Racine County, and the Wisconsin state government all face risks if the Taiwanese manufacturer can't deliver on its big promises.

S&P Global Ratings says Detroit's Local Development Finance Authority's collections haven't been enough to cover debt service payments on subordinate bonds issued in 1997.

Municipal bond issuance was not much changed from the start of 2018, marking the second year in a row volume got off to a slow start.

The Hawaii finance team doesn’t expect the market’s volatility to hamper buyer interest.

Improved financial conditions bolstered by additional state aid drove cash-strapped Jamestown, New York back to investment grade following years of budget deficits.

Moody's dropped to Caa3 a pool of pension obligation bonds likely to be dragged down by wildfire damage to Paradise, California.

The firm tapped veteran Phong Pham to head the new office in the western part of the state.

The seat of Niagara County was raised to A3 by Moody's Investors Service.

York County, fresh off the Moody's upgrade, competitively prices the first of two general obligation bond issues Thursday.

A trader said lack of follow-through on long new issues continued to plague the market as the weekly calendar shrank to $5B of issuance.

Hilltop Securities, the Southwest region's top financial advisor, is hiring and restructuring management two years after a difficult merger with Southwest Securities.