Investments

The mall's developer was late paying funds used to support $800 million of municipal bonds, requiring a draw on reserves to make an interest payment.

Monday's massive selloff contributed to investors pulling more out from the mutual fund complex. Exchange-traded funds saw $1 billion of outflows and high-yield investors yanked out $1.7 billion.

The Kenmore-Town of Tonawanda Union Free School District in Erie County, New York will pay $17.5 million to 35 victims who sought compensation under the state’s Child Victims Act.

More big cuts will be needed to keep supplies from reaching perilously low levels, the Bureau of Reclamation's leader told a Senate committee this week.

The Oversight Board has issues with the joint resolution.

The 75 basis point hike, prompted partly by hotter-than-expected inflation data, is the largest since 1994.

The move to take back local control came a few months after new leadership took the helm at the airport.

M. Elizabeth Reich has resigned as Dallas’ chief financial officer after almost six years and will be replaced by Jack Ireland, the city’s budget director.

As interest rates rise and muni yields trend higher, the Peach State is set to competitively sell its triple-A rated municipal bonds.

Maui County's mayor now has to approve or veto the budget before the start of the fiscal year on July 1.

The Securities and Exchange Commission has charged the City of Rochester, New York, its former finance director, former CFO and their municipal advisor with misleading investors in a $119 million bond offering.

Triple-A yield curves rose five to eight basis points. Volatility somewhat eased Tuesday as investors took pause ahead of the Federal Open Market Committee meeting.

The bill, which would overturn a 2017 law, is awaiting Gov. Pedro Pierluisi's signature to become law.

The Senate Finance Committee on Tuesday brought small business leaders together to discuss the pitfalls of complying with dozens if not hundreds of local tax regimes.

Isaac Yilma has joined the firm's public finance practice in Atlanta as a partner, bringing with him expertise in infrastructure, affordable housing and economic development projects.

Talks between original holders and a law firm over potential securities fraud litigation did not pan out, and trustee UMB NA has canceled all the bonds.

The departure comes amid Spanish reports that financing for what aims to be the nation's first bullet train is "in hibernation."

The 25-basis-point move to higher yields is the largest one-day change in triple-As since March 2020 when COVID began roiling markets. Munis could not ignore a continued selloff in UST led by inflation and recession concerns.

Analysts uncertain about the timing and cost savings as FAFAA names syndicate for possible refunding.

The Oklahoma Turnpike Authority took action on Thursday to head to the state Supreme Court to validate $5 billion of planned bond issuance.