Commercial banking

The Trump administration singled out the Las Vegas-Los Angeles bullet train for praise Thursday, the same day the deal priced.

"Who got rich off this project? Where did those billions of dollars go?" asked Transportation Secretary Sean Duffy in announcing the federal review of the controversial bullet train.

Nakahata was appointed chief deputy executive director and chief operating officer of the California Infrastructure and Economic Development Bank.

Amid struggling office markets in San Francisco and Los Angeles, the cities are exploring office-to-residential conversions amid decades-old housing shortages.

Daily report for February 21, 2025

Investors added $546.3 million to municipal bond mutual funds in the week ending Wednesday, following $238.5 million of inflows the prior week, according to LSEG Lipper data.

Washington's threats to state and local government funding took center stage when Illinois Gov. JB Pritzker delivered his seventh budget.

Trump's executive order raises concern about whether the SEC will pursue certain fraudsters, even if staff deems action warranted.

Some analysts believe that the muni market will ultimately be insulated from any changes in tax status because of the benefit it already provides.

The bonds are to be sold competitively in April.

Moody's is the latest rating agency to warn about a budget squeeze for Texas schools, which have been prolific issuers of voter-approved bonds in recent years.

Chicago aldermen delayed a vote on $830 million of general obligation bonds that Mayor Brandon Johnson wants to issue.

MSRB holistic review of its MA rules "likely to be a multi-year project," NAMA executive director says.

White Lake Township, Michigan, is facing legal action on two fronts: one of them related to the hack of its bond deal closing last year, the other a civil suit. 

KBRA raised the airport's outlook to positive last week, citing its improving financial profile and very strong traffic.