Washington

Bank holdings in municipal securities continue to decline, as retail investors and mutual funds increase their holdings.

The Federal Reserve announced a series of overnight and term operations for the next three weeks, signaling that it has control over this vital corner of the financial markets.

Bipartisan legislation to streamline TIFIA has been introduced in Congress by two Texans.

States and cities have begun to factor climate risk into budgetary and other planning.

The Federal Reserve took center stage again Friday, with two presidents explaining why they dissented at the latest meeting and Vice Chair Richard Clarida terming it “healthy” debate.

Montebello Unified School District allegedly defrauded investors in the sale of $100 million in general obligation bonds.

Observers said the opponents of further rate cuts on the Fed tend to be the non-voters.

The New York-based firm mismarked 90% of its municipal securities trades, FINRA found.

CEO Ken Bentsen and head of municipals Leslie Norwood talk markets, policy and regulations. John Hallacy and Lynne Funk host.

The market got what it expected and can now shift attention to the week's remaining deals after Fed policy makers cut interest rates by a quarter point.