The southern regional banks wouldn't say what will happen with their capital financing divisions when their merger closes.

The merger of Catholic Health Initiatives and Dignity Health creates a Chicago-based nonprofit healthcare system with $10 billion in debt and operations in 21 states.

S&P assigns a stable outlook to healthcare sector this year despite threats while Fitch and Moody's have negative outlooks.

Milwaukee-based Baird said it will expand its public finance footprint into new markets when it closes on the purchase next year.

The NASBO report released Thursday showed some bright spots for state ledgers.

Alabama-based Burr & Forman will gain McNair's significant public finance presence in South Carolina.

Moody's Investors Service said Palmetto Health's integration with Greenville Health may result in a rating upgrade for Palmetto and a downgrade for Greenville.

The two Midwest firms combined to expand their fixed-income capabilities amid rising rates.

PIMCO has agreed to acquire Gurtin Municipal Bond Management.

The potential sale comes as asset managers grapple with narrowing margins as fees fall and regulatory costs mount.