Economy

Fitch Ratings also maintained a negative outlook on BART.

Community banks have played and will continue to play a key role in supporting local economies across the country. Join us in a lively conversation with Dennis E. Nixon, President & CEO of International Bank of Commerce (Laredo, Texas) & Chairman, International Bancshares Corporation and Eddie Aldrete, Senior Vice President at International Bank of Commerce as we discuss: (1) the need for bankers and the business community to become involved in political issues. From minimum wage and issues that affect small businesses to regulatory issues that directly affect the banking industry, banking and business leaders need to be thought leaders in the public conversation and (2) how bankers can play a pivotal advocacy role in the free trade process.

The regional Fed bank said it was making the move “due to the recently elevated COVID-19 health risk level in Teton County, Wyoming.”

State officials who support the high-speed project are tracking discussions around the “social infrastructure” package for anything rail-related they can tap.

Production companies making films, TV series and commercials may offer North Carolina $409 million of revenue this year.

Cyber criminals threaten the safety of patients and the financial health of hospitals. The life-and-death stakes underscore the importance of online security.

At stake, from SIFMA's perspective, is the potential of the SEC to revive the exemption in the future.

That's not a bad idea despite the crumbling condition of a key stretch of the highway, says NYU Rudin Center Director Mitchell Moss.

Kyle Hemminger joined Cain Brothers this month in Columbus, Ohio.

The board will have 15 members for its fiscal year starting Oct. 1.

The rating agency also affirmed the ratings on 18 large airports and major airline hub facilities across the United States.

The board decided last month it would seek commission approval to tweak rules related to mandatory disclosures.

Municipals returned 0.83% in July with a year-to-date return of 1.90%. High-yield returned 1.20% in July and 7.40% year-to-date. Taxables led July with 1.65% returns and 1.95% for the year.

The city sees room for a new convention hotel, despite nearby competition and pandemic-related setbacks.

The money is coming in through the federal American Rescue Plan and the Coronavirus State Fiscal Recovery Fund.

Federal Aviation Administration approval of the $2.1 billion transit connector revived heated debate over an undertaking that Gov. Andrew Cuomo has championed.

The acting New York City Transit president was in line for a board chairmanship had state lawmakers approved Gov. Andrew Cuomo's measure to split the authority's top positions.

A Moody's report highlights stark contrast in recovery between tourist hotspots such as Florida and metro areas like New York City and the San Francisco.

Fundamentally, much of the price inflation we’ve experienced over the past year can be attributed to the trillions of dollars of new money pumped into the economy that’s been looking for a home ever since.

Cyberattacks pose rising operational costs and can hinder revenue generation for hospitals and health systems eventually leading to rating hits, Fitch warns.