Commercial banking

The new Congress will have a full plate including deciding the fate of the Tax Cuts and Jobs Act and Internal Revenue Service funding in a legislature that's already showing cracks of disagreement.

Kotek has spent the past month working on a very busy agenda involving housing, fires, transportation and construction labor agreements.

Daily report for December 27, 2024

High-yield funds saw outflows of $413.6 million compared to the previous week's outflows of $71 million.

Ross Buckley is a scientia professor at UNSW Sydney. He is a board member of Australia's central bank and chairs the Digital Finance Advisory Panel of Australia's securities regulator. He has twice been a Fulbright Scholar, at Yale and Duke.

The Federal Open Market Committee cut the fed funds target again in December but signaled fewer cuts in 2025. There was some dissent. The markets are watching to see if the Federal Reserve pauses its easing cycle in January. Brian Rehling, head of global fixed-income strategy at Wells Fargo Investment Institute, recaps and parses the previous day's FOMC meeting and Fed Chair Jerome Powell's press conference.

Six Texas cities sued the state comptroller over a rule that altered where sales taxes would be collected on certain online purchases.

The battle over ESG investing is spreading in the Midwest, with the recent passage of an Ohio law and a decision by the Indiana Public Retirement System.

Analysts are unsure what the Federal Open Market Committee will do with monetary policy in 2025. The panel projects two rate cuts, but some analysts expect more, and others see fewer.

A new law and constitutional amendment will restrict how fast property tax bills can rise on homestead properties, impacting local governments.

Daily report for December 26, 2024

Christy Shadowens, MBA, Administrative Director at Connico, has extensive accounting and management experience for various industries. Christy and her team handle Connico's finance and accounting, human resources, and all administrative functions.

In the remaining days of this year, "taxable rates continue to be pressured but munis are finding a stable, even supportive, bidside," said Kim Olsan, a senior fixed income portfolio manager at NewSquare Capital.

Moody's Ratings said the 2025 budget that passed Chicago's City Council this month won't materially alter the credit profile of the city, which it rates Baa3.

Howard Jarvis Taxpayer Association has until the end of January to file briefs in its case challenging San Jose's pension obligation bond validation.

The Trump administration will bring a shift in infrastructure priorities.

Several metropolitan districts, which finance public infrastructure for housing developments, tapped contingent liquidity for debt service payments this month.

Daily report for December 24, 2024