Commercial banking

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.

The Treasury Department Inspector General for Tax Administration plans to audit the IRS' use of a much-feared enforcement tool under which it can impose penalties for the misconduct of municipal bond transaction participants such as underwriters, lawyers, municipal advisors or their firms.