Commercial banking

Rep. French Hill, the incoming chairman of the House Financial Services Committee, inspires hope in the municipal finance community.

In his letter of resignation, Federal Reserve Vice Chair for Supervision Michael Barr said an attempt by the Trump White House to remove him could create a "distraction" for the Fed. He plans to retain his seat on the Board of Governors, which expires in 2032.

Brad Lander, the city comptroller, tallied the potential Trump administration threats to the city's federal funding, from infrastructure to hospitals.

The MSRB has a full slate of initiatives teed up, with an emphasis on modernizing its rulebook.

Daily report for January 06, 2025

Heavy redemptions and coupon payments this month should help "stabilize" the market, said Barclays strategist Mikhail Foux.

California and federal officials  reached a $10 million settlement with the owners of a chain of non-profit health clinics and a laboratory in a case involving Medi-Cal and Medicare fraud.

It's the latest mark of distress for proton treatment centers financed with speculative-grade municipal bonds.

The CFO's revenue estimate reveals a $169 million temporary boost and overall population growth while concerns arise over proposed cuts to the federal workforce.

Tal Zackon is the CEO and co-founder of TRES, a Web3 financial data platform. TRES was founded in 2022 and is backed by some of the most respected names in Web3, including Circle, Blockdaemon, Moonpay, Alchemy,  angels from Fireblocks and Chainalysis, and more.

BofA and Morgan Stanley left the Net-Zero Banking Alliance, but there was no word from the Texas attorney general on their status as bond underwriters in the state.

Laurent Descout, CEO and co-founder of Neo, is a serial fintech entrepreneur and investor. Previously he has been financial advisor in asset-structured finance for more than 10 years.

Nebraska's State Highway Commission on Dec. 6 unanimously authorized the issuance of bonds — a state first — to finance the completion of a highway corridor.

BRIDGE Housing Corp. is the first to publicly offer tax-exempt bonds to finance construction of a new development, a 224-unit project in Portland, Oregon.

Daily report for January 03, 2025

Investors pulled more from municipal bond mutual funds in the final reporting week of 2024, but high-yield reverted to inflows to close out the year, adding to the sector's outperformance overall.