The Securities and Exchange Commission has suspended the Municipal Securities Rulemaking Board’s 2024 rate card fee model, returning all fees the MSRB collects to 2023 levels and raising immediate questions about what fees will be applied to bonds that have already sold but have yet to close. The Commission received the MSRB filing one business
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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. Shadow chancellor Rachel Reeves has vowed to “unashamedly champion” Britain’s financial services sector if Labour wins the general election, denouncing politicians who have been “embarrassed” by the City’s success. Reeves will this week launch Labour’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Western exasperation with Viktor Orbán’s behaviour is starting to boil over. The Hungarian leader has long played the role of the EU’s chief antagonist, obstructing its decision-making, undermining its institutions and traducing its democratic values.
In this article MA WFC Follow your favorite stocksCREATE FREE ACCOUNT Svetikd | E+ | Getty Images Housing is typically one of the biggest expenses in someone’s budget, and it’s natural to wonder about the best way to pay that bill. For renters, sometimes it’s possible to pay with a credit card. While you could
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israeli commandos disguised as Arab doctors and patients killed three Palestinian men after entering a hospital in the occupied West Bank, with the Israeli military claiming they were planning future attacks. CCTV footage from the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hamas said it was “studying” a proposal for a temporary truce in its war with Israel that would be used to free hostages held in Gaza, in return for the release of Palestinians prisoners and
Maryland Democrat Rep. Dutch Ruppersberger, a founder and co-chair of the bipartisan House Municipal Finance Caucus, announced he will step down at the end of his current term. “Clearly he will leave a void,” said Brett Bolton, vice president of federal legislative and regulatory policy at the Bond Dealers of America. “He’s been on the
Getty Images Inflation is cooling. Consumer spending continues to be at record highs, while consumer confidence has been trending up. And, after almost two years of rate hikes by the U.S. Federal Reserve, investors are expecting at least a few cuts to interest rates this year. Their anticipation is understandable: The federal funds rate hasn’t
Recent economic data have made it clear the Federal Open Market Committee will not cut interest rates at its meeting this week and most analysts believe the March 19-20 meeting isn’t in play either, but beyond that, the thoughts about timing and number of rate reductions varies. The rate cuts will begin in June “and
The veteran-owned investment bank Academy Securities has been censured and fined $30,000 by the Financial Industry Regulatory Authority for failing to file Form G-37 reports disclosing the extent of its underwriting base in a timely manner. Without admitting or denying the findings, Academy agreed to the fine and censure in violation of MSRB Rule G-37
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Ukrainian President Volodymyr Zelenskyy is preparing to replace his top general in what would be the biggest shake-up of Ukraine’s military command since Russia’s full-scale invasion began two years ago. Zelenskyy on Monday offered
An elite private school catering to Los Angeles’ wealthiest residents is tapping the municipal bond market as it looks to expand its campus and add to its academic offerings. Curtis School is seeking to raise $24.3 million in revenue bonds through the California Enterprise Development Authority in a sale pricing Wednesday. The exclusive elementary school
A sign stands outside an upscale home for sale in the Lake Pointe Subdivision of Austin, Texas. Ed Lallo | Bloomberg | Getty Images Home prices in November fell 0.2% from October, according to the S&P CoreLogic Case-Shiller national home price index. While that may not seem like a lot, it is the first monthly
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government has been told to scale back its issuance of long-dated and inflation-linked bonds as pension funds’ appetite for such debt wanes in a “significant structural change” to demand. Gilt issuance plans for
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Russia’s economy will expand much more rapidly this year than previously expected, according to the IMF, as President Vladimir Putin’s military spending feeds through into wider growth. Gross domestic product is forecast to rise 2.6
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK average mortgage rates fell for the first time since November 2021, according to data from the Bank of England, suggesting that the burden on homeowners is easing as lower borrowing costs filter through. The
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Corporate insolvencies in England and Wales rose to their highest level since 1993 last year, according to official figures that lay bare the challenges facing companies amid slowing demand and high production costs. There were 25,158
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The IMF has warned UK chancellor Jeremy Hunt against cutting taxes, arguing the country needs to curb public borrowing and prioritise spending in areas such as health, education and tackling climate change. Pierre-Olivier Gourinchas, IMF
An Arizona state senator is once again attempting to pass a law banning governmental contracts with companies, including banks that underwrite municipal bonds, that “discriminate” against the firearm industry. For the 2024 legislative session, Republican Frank Carroll introduced legislation that would take the question to voters, bypassing Democratic Gov. Katie Hobbs, who vetoed his bill
Stay informed with free updates Simply sign up to the Geopolitics myFT Digest — delivered directly to your inbox. We can no longer hold out hope that it was an AI-generated deep fake. Last autumn, Rishi Sunak really did interview Elon Musk on stage. To repeat, a serving head of government took the junior role
Since the start of the war in Gaza, Israel’s armed forces have pursued their twin objectives — “dismantling” Hamas rule in the territory and rescuing all remaining Israeli hostages seized by the group — with ferocity and determination. Three months on, however, many in Israel, including Gadi Eisenkot, a member of the war cabinet, have