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The Securities and Exchange Commission’s Examination Division will take a closer look at municipal advisors, specifically non-solicitor municipal advisors in FY 2025, and will begin enforcing the move to a T+1 settlement cycle. That comes on the backs of the Commission’s first case enforcing Municipal Securities Rulemaking Board Rule G-42, which was established in 2016
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Municipals were weaker Monday following U.S. Treasury market pressures while equities ended down. Triple-A yields rose up to seven basis points while govies were higher by eight to 12 basis points. Short ratios fell as a result of the day’s moves. The two-year muni-to-Treasury ratio Monday day was at 61%, the three-year at 61%, the
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is an external member of the Bank of England’s Monetary Policy Committee An old mentor used to consult women’s dress sales when he wanted to know what was going on with the economy,
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PNC bank has recently made several new hires, beefing up its banking presence in the west and in Texas. Christopher Roberts joined the firm in August as managing director and head of Western Region & National Public Power/Utilities, and Joey Dierker joined as an associate director. More recent hires include Soledad Mancias and Steve Bassett,
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The EU’s financial markets watchdog wants expanded powers to oversee major stock exchanges and other critical parts of the bloc’s financial infrastructure, as it bids to become a European version of the US Securities and
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Houston Mayor John Whitmire took aim Thursday at city Controller Chris Hollins for soliciting sponsorships from municipal bond firms for an upcoming investor conference, saying it smacks of pay-to-play and calling for an investigation. The mayor said he received calls from bond underwriting firms about sponsorships for Tuesday’s event with price tags ranging from $10,000
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Anton Wormann, 32, moved to Japan in October 2018. Courtesy of Anton Wormann Anton Wormann, 32, has always had a passion for DIY projects and creating beautiful spaces. So, after he discovered that his neighbor’s property had been abandoned, he decided to purchase it and bring it back to life. Upon inspection, Wormann discovered that
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Broward County, Florida’s Tourism Development Tax, sales tax, and Professional Sports Facilities tax and revenue refunding bonds were upgraded by Moody’s Ratings, affecting about $628 million in bonds. Moody’s upgraded the county’s TDT revenue bonds, Series 2021 (Convention Center Expansion Project) to Aa2 from Aa3; sales tax bonds, Series 2020, to Aaa from Aa1; and
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Budrul Chukrut | SOPA Images | Lightrocket | Getty Images Company: Air Products and Chemicals (APD) Business: Air Products and Chemicals is an industrial gases company. It’s focused on serving energy, environmental and emerging markets. Its base business provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining,
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Stay informed with free updates Simply sign up to the Life & Arts myFT Digest — delivered directly to your inbox. The main character in Coriolanus, which is on at the National Theatre in London, is what we would nowadays call a fascist. He respects very little in the field of human endeavour outside of
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Municipals were little changed Friday ahead of another robust new-issue week while U.S. Treasuries made some gains and equities closed in the black. “Strong September employment numbers and a somewhat higher CPI reading continued to reverberate through the bond market,” said BofA Global Research strategists Yingchen Li and Ian Rogow in a weekly report. “This,
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