Washington

The SEC is sorting out those charged with engaging in a large multi-year "flipping" and kickback scheme.

SEC Chairman Jay Clayton cited Rebecca Olsen's "deep knowledge of the U.S. municipal bond market" and focus on "integrity and transparency" in naming her director.

As central banks the world over find their place in the monetary policy tightening cycle, the one at the helm is the most at risk of falling behind on interest-rate increases.

Republican Elad Roisman appears to be moving toward confirmation to the SEC without being paired with a Democrat.

Monthly new-issue volume surpassed the $30 billion mark for the fourth time this year in August, helping keep third-quarter issuance close to last year's pace and potentially setting the stage for a more robust season of issuance in the Fall.

The Florida Development Finance Corp. will issue $1.75 billion of bonds for the privately owned passenger train project.

NASBO Executive Director John Hicks said that deposits made to rainy days funds from budget surpluses will likely bring the total to more than $58 billion for fiscal 2018.

Bond lawyers will recognize the late Jim Lebenthal and Lewis Horne with awards next month, as well as Virginia "Gigi" Benjamin.

Brevard County will subsidize Bezos' Blue Origin with $8 million, though a recent court ruling says it can't issue bonds to raise the funds.

The Senate approved Richard Clarida as vice chairman of the Federal Reserve on Tuesday, while two other central bank nominees still await a vote.