Commercial banking

Photos from The Bond Buyer's Texas Public Finance conference.

John N. Vitucci is a partner and ESOP practice leader at PKF O'Connor Davies. He has more than 30 years of experience working with Fortune 500 corporations, private businesses and investment banks in all areas of employee benefits, executive compensation and ERISA. He is currently an adjunct professor at Columbia University where he teaches pensions and ERISA and oral communications for actuaries in the Actuarial Masters Program.

Anna Paulson, executive vice president and director of research at the Federal Reserve Bank of Chicago, will replace outgoing Philadelphia Fed President Patrick Harker.

In a post on his social media platform Thursday morning, the president criticized the Federal Reserve's reluctance to lower rates and said the chair's departure "could not come soon enough."

The Osceola School District sales tax revenue bonds got strong ratings despite the county's economy facing headwinds from a weakening tourism sector.

Daily report for April 17, 2025

Brown is among the Ivy League schools borrowing money as they face funding threats from the Trump administration.

Federal Reserve Chair Jerome Powell warned that actions that undermine the apparent stability of the U.S. economy could have lasting effects on its status as a global safe haven.

The Investment Company Institute reported larger outflows for the week ending April 9 of $3.714 billion, following $1.15 billion of outflows the previous week.

The MSRB's rate card RFI and municipal fund securities will be among agenda topics at next week's quarterly board meeting.

S&P Global Ratings cited longer-term concerns on Palisades wildfire-related liabilities in shifting its CreditWatch on Los Angeles Department of Water and Power to a negative outlook.

Cathy Knepp leads HR at Platform Accounting Group, a next-gen accounting firm with more than 900 employees. She is committed to creating better experiences for accountants through people-first policies and practices that support better work. She has a tenured career in financial services and more than a decade of experience in various areas of the accounting industry.

The effects could hit island economies, like those of Puerto Rico and the U.S. Virgin Islands, whose bonds are speculative grade partly because of fiscal concerns.

Citi's exit may have aggravated illiquidity last week, but even the traditional leader in times of stress wouldn't have been able to calm the wild market moves.

Mayor John Whitmire said phased-in funding under an agreement with plaintiffs who successfully sued the city will help address a budget shortfall.