Municipal financial advisors saw more business in the first half, accounting for $203.285 billion in 2,999 transactions in 1H 2024. This is up from the $147.929 billion in 2,711 deals in the 1H 2023.
Kaufman Hall & Associates, Caine Mitter & Associates, KNN Public Finance entered the Top 10, while CSG Advisors, Estrada Hinojosa and Columbia Capital Management were bumped.
Source: LSEG
Municipals are seeing losses of 1.82% in December, which has dragged down overall gains to just 0.68% for 2024, per the Bloomberg Municipal Index.
Silver Point says it has done nothing wrong, and has retained prominent legal figures for its defense.
The bank's termination of its membership in the Net-Zero Banking Alliance ended a state review that could have led to a ban for governmental contracts.
The San Diego County-based hospital system's financial woes were dire enough to earn junk ratings from Fitch Ratings, Moody's Ratings and S&P Global Ratings earlier this year. Fitch further downgraded the already junk ratings on Wednesday.
Bond issuers are establishing common reserve funds to spur economic growth while also generating income, but risk is involved.
The Trump administration may cut the Affordable Care Act and Medicaid, which threatens to land on a hospital sector still recovering from the COVID-19 pandemic.
