Retirement

Three Pillars Senior Living has already pre-sold 70% of the planned units that will support the bonds.

The retirement proposal also attempts to clarify the definition of riskless transactions, which are common in the muni market.

Republican-led states sued over the rule, arguing in part that it would injure states like Wyoming that depend on tax revenue from fossil fuel industries.

Nonprofit assisted living and nursing home bonds continue to be under stress, with defaults and impairments on the rise.

Moody's views 16 first time payment delinquencies over the last two years impacting $1.46 billion of debt as related to the pandemic's toll on the senior-living sector.

The departure of Maryland's second-longest serving state treasurer will leave a void in the public finance community.

The wealth management business is undergoing considerable transformation. The pandemic has created a new breed of investors, with distinct expectations and tastes formed by new technology and having lived through the financial crisis.

Private sector competition and unprecedented retirement rates are driving a need to attract new finance workers to a stable and thriving profession.

Massive market returns coupled with rising contribution rates, led by worst-funded states like Illinois and New Jersey, boosted state retirement systems.

A federal appellate court in April 2020 struck down a federal law denying residents of the island eligibility for the Social Security Supplemental Income program for the severely disabled.