Office sectors in some Southwest cities, including Houston, are stressed due to elevated vacancy rates that may lower assessed values and property tax revenue.

The muni market finances the "fabric of our nation, and now, because of Citi's exit, the cost of financing for state and local governments is going to go up," a sell-side source said.

"The big question is: who's next? I don't think UBS is the end," said a veteran sellside market participant.

Leaders of the African-Americans in Public Finance and Latinos in Public Finance hope to mirror the success of the Asian affinity group, the largest such assemblage.

Muni Pride partners with Women in Public Finance-Chicago, GFOA and NABL on two separate Chicago events.

Meaningful progress on DEI initiatives has a real effect on the workforce. We examine the dynamics that drive this conclusion and what it means for companies.

"That puts us well on our way to hitting our ambitious goal of $25 billion awarded to MWBEs by 2026," said New York City Mayor Eric Adams.

In the first half of the year, private-sector jobs in the Big Apple surpassed pre-pandemic levels as payroll gains outperformed the national growth rate. However, Mayor Adams says there is one big problem that "will destroy New York City."

The three-day National Association of Securities Professionals event featured industry experts and focused on accelerating inclusive development.

The event drew more than 100 people in its inaugural year, and organizers hope to see the same interest this year.