Commercial banking

The decrease in long-term interest rates this year has helped banks' bond portfolios recover a bit. Some of them may consider restructuring their securities portfolios in the short run, and longer-term changes are also possible as the fallout from last month's crisis continues.

Shares in Silicon Valley Bank's parent company plunged 60% after executives announced they would sell a large bond portfolio at a big loss. The market "seems to be pricing in greater liquidity needs" than the bank currently anticipates, one analyst said.

Steven Kantor, a regional managing director based in New York, was among those cut, sources said.

Prepaid gas deals were notably absent from 2020's record-breaking municipal market as COVID-19 caused market disruptions for banks that provide credit support.

As it reaches its 50th year in business, Ramirez ranks 15th industry wide among all negotiated and competitive underwriters with 47 deals totaling $6.1 billion in 2020.

UMB plans to focus on higher education with its initial thrust into advisory services.

Getting crisis leadership right is vital to the well-being of employees, customers, and ultimately the business itself.

Oppenheimer will have its work cut out for it with the aim of being a major player in California's municipal banking business.

Richard G. Bartow and his son Richard T. Bartow joined the office this week and will focus on K-12 education.

The turmoil that’s gripped repo markets has turned into a stream of low-risk profits for some banks.

Wells Fargo & Co. has named Charles Scharf to be its new chief executive officer.

The firm hired Damian Maggos in Indianapolis and Matthew Ruess in Crown Point.

The deal will end the family owned Baum's 91-year run in the municipal bond business.

St. Louis-based Stifel said it had reached a definitive agreement to acquire certain assets of Baum, including its municipal bond business.

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

Representatives of minority- and women-owned small banks from around the country met to discuss how to expand business opportunities.

MWBE University is a program developed by NYC Comptroller Scott Stringer to aid businesses owned and operated by women and people of color.

Wells Fargo promoted Charles Peck to head of public finance, almost a month after firing Stratford Shields from the post.

The bank won't say what led to Stratford Shields' firing; his representative accused the firm of engineering the ouster.

Wells Fargo will replace Stratford Shields, who is out following an administrative leave.