UBS Financial Services Group announced Tuesday that Mitchell Hutchins
The Switzerland-based UBS AG purchased PaineWebber in July.
Mitchell Hutchins will be renamed Brinson Advisors Inc., but will not
David P. Walker, a spokesman for UBS, said the move will constitute
The new Brinson Advisors will continue focusing on municipal securities
In July, Ebby Gerry, a managing director of municipal investments at
Last fall, PaineWebber decided to outsource the management on 19 of its
-- Jacob Fine
While Friday's muni session was muted, the damage of a volatile UST market, paired with low new-issue supply and year-end positioning, has weighed on the asset class in December.
A decline in debt service coverage drove S&P's four-notch downgrade for Salinas, California, sewer revenue debt, which it placed on CreditWatch negative.
The new Congress will have a full plate including deciding the fate of the Tax Cuts and Jobs Act and Internal Revenue Service funding in a legislature that's already showing cracks of disagreement.
Kotek has spent the past month working on a very busy agenda involving housing, fires, transportation and construction labor agreements.
High-yield funds saw outflows of $413.6 million compared to the previous week's outflows of $71 million.
Six Texas cities sued the state comptroller over a rule that altered where sales taxes would be collected on certain online purchases.
