Commercial banking

The Texas Transportation Finance Corp. leads the new-issue calendar with $1.739 billion of subordinate tier toll revenue and refunding bonds, followed by New York City with $1.5 billion of general obligation bonds.

Federal Reserve Vice Chair Philip Jefferson said Friday that the economic outlook is uncertain and that he was adopting a cautious approach to gauging whether slowing growth and a softening labor market outweigh inflation pressures from tariffs.

Fitch revised its outlook on the AAA-rated southern California to negative. The city is grappling with child sexual abuse claims from hundreds of people against one former employee.

If approved, the $6 billion federal RRIF loan would be "quite positive at this juncture," an investor said.

The CTA's funds have been "put on hold to ensure funding is not flowing via race-based contracting," Office of Management and Budget Director Russell Vought said.

Interactive Brokers said it "promptly addressed the issue that gave rise to the settlement."

David Lien is a senior executive with extensive experience in insurance and technology, specializing in multi-channel marketing and digital transformation. He has held leadership roles at major insurers including MetLife and Sunshine Insurance, and as a partner currently leads AI-driven innovation initiatives at LingXi Technology. With over 20 years in the insurance industry and recent focus on causal AI applications, he writes on human-machine collaboration and the future of insurance, with recent articles published in Insurance Thought Leadership and Medium Bootcamp.

Public finance attorney James Woodward will lead the firm's new Athens office.

Dr. Alfred Sanders is the program leader for the CFO Forum at Genpact, where he oversees events, thought leadership and relationship management. As a partner in Genpact's CFO consulting practice, he spearheads design and execution of corporate and finance organizational, process improvement, and automation programs. A CPA with a doctorate in finance, he has presented at over 40 industry conferences and authored articles on finance, taxation and economics.

The county will tap reserves and eliminate vacant positions to meet budget challenges driven by billions of dollars of child sexual abuse settlements.

Raymond James has added four senior public finance professionals — two to its Chicago office, and two to a new office it is opening in Naperville.

Daily report for October 03, 2025

TOWN OF NORTH HAVEN, CONNECTICUT $6,250,000 GENERAL OBLIGATION BOND ANTICIPATION NOTES, BOOK-ENTRY-ONLY

TOWN OF NORTH HAVEN, CONNECTICUT $6,270,000 GENERAL OBLIGATION BONDS, ISSUE OF 2025 BOOK-ENTRY-ONLY

"While the shutdown will eventually be resolved, present circumstances may catalyze tactical investment opportunities as a way to capture even more compelling yield and income opportunities," said Jeff Lipton, municipal market intelligence analyst for The Bond Buyer.