Commercial banking

Claribel Lizardo-Gonzalez is the Director of People and Culture at Hack.Diversity, a nonprofit that partners with organizations to tap into the full potential of the talent landscape and co-design impactful strategies to transform the workplace for all employees. The nationally recognized nonprofit has grown into a movement of belonging in the tech workplace, achieving generational wealth-building impact for 500+ technologists in Boston and New York City.

The state House and Senate announced their spending plans for the upcoming biennium, including funding to continue and increase 2023's state-funded tax cut.

Issuance was led by a $2 billion retail pricing from the University of California in the negotiated market and a $1.2 billion competitive deal from Washington.

The Municipal Securities Rulemaking Board reported total net assets of $67 million for its fiscal year ended Sept. 30, 2024, up 14% from a year earlier.

Broker-dealer Siebert Williams Shank's foundation donated $100,000 to two organizations aiding Los Angeles-area residents affected by the wildfires.

President Trump's executive order calling for pausing funds flowing from the Infrastructure Investment and Jobs Act caught the transportation sector off guard.

Alex Ford is the global chief revenue officer and president of North America with Encompass Corporation. In 2024, she was named one of American Banker's Most Influential Women in Fintech.

There are eight municipal bond interval funds, three of which launched last year, promising fewer liquidity constraints and the potential for higher returns.

The county would hold a special election for a sales tax to provide more funds to build and operate a bond-financed jail project that faces rising costs.

A record-breaking year for bond issuance will likely be followed by another strong year for munis even as the threat of ending the tax-exempt status appears in writing within the halls of Congress.

From threats to the tax exemption to state budget challenges and tariffs to insurance risks, this year is already shaping up to be the previous one's equal in sheer excitement.

Chicago's Regional Transportation Authority released a plan calling for $1.5 billion in operating funding from state and local sources and more RTA control.

The top five bond financings came in above $7 billion.

Daily report for January 22, 2025

Underperforming since the calendar turned, "munis have continued to cheapen over the past three weeks as Treasury returns are about flat for the year while munis are down 0.31%," said Jason Wong, vice president of municipals at AmeriVet Securities.

The tax exemption appears to be in realistic danger as House Republicans seek to offset the cost of extending the Trump tax cuts.