Municipal financial advisors saw $304.569 billion of business in 5,935 transactions in 2022, down from $377.886 billion in 8,611 deals in 2021.
Estrada Hinojosa, Ponder, CSG Advisors and Municipal Capital Markets Group moved into the top 10, while KNN Public Finance, Swap Financial Group, Lamont Financial Services Corp. and RBC Capital Markets were ousted.
Heavy redemptions and coupon payments this month should help "stabilize" the market, said Barclays strategist Mikhail Foux.
California and federal officials reached a $10 million settlement with the owners of a chain of non-profit health clinics and a laboratory in a case involving Medi-Cal and Medicare fraud.
It's the latest mark of distress for proton treatment centers financed with speculative-grade municipal bonds.
The CFO's revenue estimate reveals a $169 million temporary boost and overall population growth while concerns arise over proposed cuts to the federal workforce.
BofA and Morgan Stanley left the Net-Zero Banking Alliance, but there was no word from the Texas attorney general on their status as bond underwriters in the state.
Nebraska's State Highway Commission on Dec. 6 unanimously authorized the issuance of bonds — a state first — to finance the completion of a highway corridor.
