Sell side

Keith A. Wakefield's alleged unauthorized and speculative trading at the former IFS Securities Inc. and his attempts to cover it up drew charges Thursday from the SEC and U.S. Attorney's office.

The city council's budget and finance committee approved the increase and now the matter is headed to the full council.

Dan Hynes, who was a deputy governor in J.B. Pritzker's administration, will work in public finance and corporate investment banking at Jefferies.

Both S&P Global Ratings and Moody's Investors Service lifted their outlooks, citing a rebound from pandemic-driven budget pressures.

The commowealth is flush with cash but still managing the effects of the COVID-19 pandemic.

The 16-year public finance veteran has concentrated much of his career on aviation-related financings.

A speculative-grade deal to build on-campus housing at Santa Rosa Junior College is a first for a conduit issuer operating out of the State Treasurer's Office.

The $1.4 billion seaport revenue refunding bond deal Wells Fargo will price next week will be the largest port transaction since the COVID-19 pandemic began.

A federal judge denied Nuveen's motion to dismiss Preston Hollow's antitrust lawsuit concluding a "plausible" claim exists to proceed. PHC faces a tougher legal road ahead in proving its rival orchestrated a damaging boycott.

Chicago is accepting underwriter qualifications as it updates its investment banking pool; it also delayed the bidding deadline for potential casino developers.

The forthcoming Texas law bans businesses from state contracts if their policies are said to discriminate against the firearms industry.

Kyle Hemminger joined Cain Brothers this month in Columbus, Ohio.

The city has issued a second set of bonds to fund 266 housing units that are the first of some 8,000 planned on adjoining islands in the San Francisco Bay.

The rating agencies affirmed two AA-plus and one triple-A rating ahead of the deal.

Alan Rubin, principal, Blank Rome Government Relations

The Fitch Ratings upgrade applies only to GO debt — the city's issuer default rating remains AA-plus. The GOs benefit from California’s 2016 statutory lien law.

Over the years, Assured Guaranty has been open to guaranteeing in the U.K. and most of Europe, Australia, and New Zealand and through AGM in the U.S. they cover certain transactions within the Latin American region.

The city council is considering the city's budget, which gave preliminary approval to a roughly $5.2 billion spending plan that allocates $156 million for violence prevention programs. Council members expect to vote on the budget Thursday.

Mayor Jorge Elorza’s $850 million POB proposal sits stalled in the state legislature while state General Treasurer Seth Magaziner called the legislation too risky.

Lawmakers could not enact the bill on the final day of the regular session, when House Republicans threatened a filibuster.