Wealth management

Colorado's decision to withhold pension funding brings a warning from Moody's.

Casino tax legislation is “credit positive” for the city, Moody's said; Fitch downgraded ratings for Chicago water, sewer and school district revenue bonds.

Nationwide lockdowns forced banks to close brick and mortar outlets and rely heavily on drive up windows, mobile and online access. BBVA has proven that even in the middle of crisis and chaos, retail still fits into the banks overall strategy.

Several California cities are cutting police budgets, and shifting non-violent 911 calls to mental health workers.

Our third monthly survey found almost six out of 10 employers report that their plans for the return to work are stymied by uncertainty — specifically, a lack of clarity on the right timing, and persistent questions about how to provide a safe environment for their employees.

Chicago’s net pension liabilities rose to $31.8 billion in 2019 from $30.1 billion.

In 15 years at Wilshire Consulting, he worked with public and corporate pension funds, foundations, endowments and insurance companies.

Asset managers maintain key strategies, but take advantage of post-pandemic opportunities amid overall stabilization.

Public pension plans already received their 2020 funding by the time that the initial economic shock wave of the pandemic occurred.

Borrowing may not be the best way to replace revenue losses unless municipalities have good reason and the debt capacity to do so, former state officials said.

Richard Taormina, portfolio manager and head of tax aware strategies at JPMorgan Asset Management talks about the effects COVID-19 is having on credits in the municipal bond market and why crossover buyers think this an attractive asset class. Chip Barnett hosts.

Moody's warns the current economic turmoil poses more pension-related credit risks for Illinois and many of its local governments than did the Great Recession.

Eric Fischer returns to the firm and will focus on municipal finance and tender option bonds.

Our second monthly survey found a smooth transition to remote work and digital customer access channels — but technology issues still arose. The pandemic has highlighted the importance of having a strong digital presence across all retail sectors, including financial services.

Christopher Philips, CFA, head of Vanguard Institutional Advisory Services, discusses the importance of asset allocation during uncertain times as the coronavirus hits investors’ portfolios. He talks about looking at the fundamentals while distancing from the day-to-day value fluctuations. John Hallacy hosts this podcast, which was recorded March 20.

A new study finds the impact of pension debt may not be as big as commonly believed.

Gov. J.B. Pritzker unveiled a $42 billion general fund budget for fiscal 2020.

The state's lookback at gambling revenues since 2012 comes as a large-scale expansion looms.

Three of the biggest New York City pension funds have selected advisors to help divest from fossil fuels.

Assets in the so-called Smart Plan have risen to $10.06 billion as of Dec. 30 from $4.5 billion in 2009, said state Treasurer Deborah Goldberg.