Economy

FINRA announced the settlement this week, in which RBC agreed to a censure while neither admitting nor denying FINRA’s findings that it violated Municipal Securities Rulemaking Board Rule G-27 on supervision. RBC was not fined.

Its $17 billion operating plan projects $4.5 billion in Washington assistance next year while sidestepping — for now — doomsday service cuts and layoffs.

AAPA contends Congress should provide aid to ports as the industry has been hammered by COVID-19.

The former South Bend, Indiana mayor understands the needs of state and local governments, though he lacks experience running a large organization.

The rising number of COVID-19 cases and the restrictions imposed to stop its spread, led to a pullback in consumer spending and has a regional service sector reeling.

While the latest read of manufacturing from the New York region suggests slowing, with COVID vaccines starting to be rolled out, the future index gained.

The state's largest authority pulled off a $1.23 billion issuance that included its inaugural green bonds, and it did so during the height of the coronavirus pandemic.

The second bankruptcy of the Las Vegas Monorail was much smaller than the first, and bondholder Preston Hollow LLC is getting paid a full $22 million.

The SEC said the court should oppose SIFMA's motion to include news articles in the proceedings, saying the group relied on only one rationale.

The number of issuers using a temporary exemption jumped to 101 in October from 35 the previous month.

California overcame a legal challenge to use bond authority to provide housing for homeless people suffering from mental illness.

The twin ports of Southern California, in Long Beach and Los Angeles, both reported record numbers this fall.

Bridge funding from a lame-duck Congress could help plug operating deficits and stave off doomsday measures, agency leaders insist.

Conduit issuer Trust for Cultural Resources for the City of New York will issue the $77 million green transaction.

Task forces studying three proposed toll road projects failed to conclude if there is a need for the new corridors or modifications of existing roads.

Strategists from both Wells Fargo Investment Institute and John Hancock have low expectations for inflation going forward.

A majority of economists surveyed by SIFMA expect a swoosh-shaped recovery, while 20% saw a W-shaped recovery, with a double-dip decline.

During an industry briefing Tuesday, SIFMA's Kenneth Bentsen, Jr., said no matter who leads the SEC next, SIFMA will argue for an end to a temporary exemptive order.

Facing resistance from the local investor-owned utility, the Colorado college town ended its bid to form a municipal utility and signed a new franchise deal.

The new orders announced by Gov. Gavin Newsom will be triggered on a regional basis if hospital intensive care unit capacity falls below 15%.