Birmingham, Alabama-based FNBB Capital Markets has been fined by the regulator for failing to include certain mark-ups and mark-downs on dealer confirmations sent to retail customers.
-
While the market awaits the initial FDTA proposal, some wonder if the rulemaking will be affected by the upcoming presidential election and the U.S. Supreme Court's Chevron decision.
2h ago -
The one notch upgrade affects $256 million in outstanding bonds and resulted from Fitch's recent criteria change.
3h ago -
-
Cabarrus County planned to use most of the proceeds to pay off a bond anticipation note.
7h ago -
In the summer, the market will largely move "sideways" and underperform late in the third quarter to early in the fourth quarter, "while possibly recouping most of its losses late in the year depending on the outcome of November elections," said Barclays strategists.
July 12
The steady demand for municipal bonds in high-risk areas underscores the complex relationship between climate change and financial markets.
With a myriad of challenges facing state and local governments to fund vast infrastructure needs amid a shifting climate and severe weather events, there are government officials across the country that have begun to address them head on. Paying for them is one of the biggest challenges.
As EVs and fuel-efficient cars become more common, states and Congress are eying alternative revenues like road user charges.
Economist Sean Snaith joins the podcast to share insights on Florida's economic growth, housing market issues, and labor market trends.
The privately owned, high-speed rail system in the U.S. recently refinanced and broke ground on a new line in the west.
Finance officials for the city decided to be the first municipal issuer to use the distributed ledger technology for a $10 million deal, banking on cost savings, better liquidity and more access for retail investors to their bonds. Mayor Tom Koch, CFO Eric Mason and Strategic Asset Manager Rick Coscia say it should be the first of many deals for the industry.
A revenue bond issue for Galveston Wharves will price Tuesday after Hurricane Beryl interrupted port operations earlier this week.
Wyoming Gov. Mark Gordon, a Republican, recently vetoed anti-ESG legislation similar to Missouri's, saying that it overstepped legal authority.
The state's new law requires companies like investment banks to provide written verification of their positions, part of a trend among similar bills aimed at preventing Wall Street banks from lying about their positions, said a firearms industry lobbyist.
-
Financial markets are trying to "absorb" the outcome of higher odds of Trump winning in November, said James Pruskowski, chief investment officer at 16Rock Asset Management.
25m ago -
Three municipalities will share the money and two will also get revolving loan funds.
July 12 -
The Grants Pass decision was viewed as the most consequential for local governments of the U.S. Supreme Court's recent session.
July 12 -
Officials in East St. Louis, Illinois, sued the local police and firefighter pension boards and the state comptroller to block the use of an intercept law.
July 11 -
"Bond yields are plunging [Thursday] as rate cut expectations soar following this morning's consumer price index release, which depicted the first month of deflation since July 2022," noted José Torres, senior economist at Interactive Brokers.
July 11