Sell side

The bank in recent months shuttered its muni proprietary trading unit — which used the firm’s own cash to trade and invest — as part of a push to focus on providing more of its balance sheet to larger, institutional clients, according to people familiar with the matter.

Loop Capital Markets has hired veteran managers to lead its transportation and housing groups while adding to its Texas banking presence.

Phil Culpepper brings his experience as a public finance banker and Illinois' former debt manager to the table at the fully veteran-owned firm.

The GOP-controlled state legislature adjourned without passing a bill barring government contracts with firms, including banks that underwrite municipal bonds, if they “discriminate” against the firearm industry.

SWS has launched a specialty higher education sector group that will be led by Julia Harris from the firm's Chicago office.

FHN Financial Capital Markets hired Rene Moreno to establish a banking presence in Arizona while Melanie Shaker will launch the firm's new Midwest effort.

The airport was heavily exposed to the now-defunct JetBlue airline, but Southwest has filled the gap.

States face a multi-trillion infrastructure gap, which they need to address with a sense of urgency, a speaker at the Milken Institute Global Conference said.

A taxable bond issue will raise $3.4 billion for extraordinary costs incurred by natural gas utilities during deadly Winter Storm Uri that hit Texas in 2021.

The underwriters filed a defense to the court earlier this month and analysts are skeptical of MBIA’s chances of prevailing.