Commercial banking

"Ozi's focus on building lasting relationships and his prudent risk management make him well-suited for this leadership role," said Charles Peck, Wells Fargo's head of municipal products.

The underwriting firm's hires will expand its real estate development finance group and Southeast operations.

"It doesn't take but one comment or one market-moving data point to cause ETFs to shift the market pretty considerably," said Ajay Thomas, head of public finance at FHN Financial.

The Westin Chicago Lombard's owner is returning to market with unrated bonds designed to cure payment defaults on debt issued to exit bankruptcy in 2018.

The Chicago Board of Education passed a balanced $10.26 billion budget that leaves the city government to pick up non-teacher pension contributions.

Daily report for September 03, 2025

Thanks to strong technicals and the anticipated interest rate cut by the Federal Reserve at its September meeting, municipal bonds posted positive returns of 0.87% in August, reversing their losses of 0.20% in July, according to Jason Wong, vice president municipals at AmeriVet Securities.

"As soon as you step back from the table, you may wind up on it," NABL's chief policy officer said.

Aleon Metals, along with its subsidiaries, which sold more than $300 million of tax-exempt revenue bonds since 2019, filed Chapter 11 bankruptcies in August.

"Another set of eyes helps improve the deal for everybody, including the borrower, because the borrower is going to want a successful venture too," said John Miller, head and chief investment officer of First Eagle's municipal credit team.

Special budget sessions, falling tax revenues and provisions in the One Big Beautiful Bill Act are combining with tariffs and cuts to the federal workforce to create headaches for the states.

Issuance year-to-date is at $386.689 billion, up 14.9% from $336.478 billion over the same period in 2024.

James Glover is principal, finance & enterprise, at Deloitte.

Data center projects, which are proliferating across the country, are taking advantage of tax breaks that can be costly for states and local governments.

Daily report for September 02, 2025

Dr. Cole Barfield has served as Chief Medical Officer of on-demand virtual care provider First Stop Health since 2024. As a board-certified Internal medicine physician, Dr. Barfield spent the first ten years of his career treating patients in inpatient, outpatient, and virtual primary care settings before co-founding and serving as CMO of Wellview Health, which later merged with SentryHealth before being acquired by First Stop Health in late 2023.

Issuance for the week of Sept. 2 is at an estimated $7.457 billion, with $6.179 billion of negotiated deals and $1.278 billion of competitive deals on tap, according to LSEG.