Commercial banking

Recently announced streamlining and rumored budget cuts and layoffs at SIFMA are causing market participants to worry about its commitment to municipal securities.

Sen. John Kennedy, R-La., suggested he and Sen. Elizabeth Warren, D-Mass., may introduce a bill that would require MSRB to elect public members who represent consumers and are not just retired industry executives.

RBC is adding to its team even as smaller underwriting spreads have driven some players to reduce staff.

An unsealed whistleblower lawsuit accuses eight Wall Street and regional banks and broker-dealers that served as remarketing agents of fraud and collusion in resetting rates for variable rate demand obligations issued by state and local issuers in Illinois.

The household sector’s direct ownership of outstanding muni debt has dropped by $103 billion year over year -- and by more than $300 billion since 2010.

The former Morgan Stanley co-head of public finance has joined a Dallas-based municipal finance solution provider.

Bank loan documents often have corporate tax gross-up provisions.

The firm added three veterans to its debt capital markets group to expand its capabilities.

Dennis G. Ciocca, a municipal industry veteran whose career as a public finance banker spanned nearly 50 years, lost his seven-year battle with prostate cancer on June 14. He was 76.

Barclays is bolstering its Chicago team with three banking additions at the expense of Bank of America Merrill Lynch.