The top three trustee banks in the ranking have an average dollar amount of more than $20 billion in the first half of 2023. The average number of issues for the top three is 205.
Scroll through to see the top ten trustee banks and how they fared through June 30, 2023.
Source: Refinitiv
The session, which begins Jan. 14 with a more-conservative Republican majority, could bring additional anti-ESG and DEI legislation.
Munis ended November in the black with the asset class seeing gains of 1.73% for the month, pushing year-to-date returns to 2.55%.
Federal Reserve Gov. Christopher Waller, a Trump appointee, said that while recent inflation readings are concerning, monetary policy would remain restrictive even if the central bank cuts interest rates by another quarter-point this month.
After losing its first appeal, the Puerto Rico Oversight Board initiated a second appeal with the First Circuit Court of Appeals.
Independent Financial Group, LLC failed to ensure its employees were offering low-cost options to retail customers looking to rollover a 529 plan to another state.
The product is designed to compartmentalize information and provide a unified system to monitor bank activities, forecast cash inflows and outflows, and prevent fraud.
