Bonds

Nossaman added Michelle McCarthy as a partner in its Los Angeles office and changed the name of the practice she joined to reflect the new line of services her addition brings. The practice she joins was renamed to Pension, Benefits & Investments Group from the Public Pensions & Investments Group. “Michelle’s deep, nuanced experience in
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Keybanc Capital Markets has been added to the growing list of underwriters, which so far has included BNY Mellon, Jefferies, Oppenheimer and TD Securities, among others, charged by the Securities and Exchange Commission for violating its limited offering exemption. The Commission just began enforcing the failure of firms to acquire adequate disclosures from those purchasing
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The 2023 board of directors for Women in Public Finance will be chaired by Kayla MacEwen, a partner at Masterson Advisors, the group announced recently. Women in Public Finance, a professional networking group for women working in the public finance sector, aims to increase the chances for women to hold leadership positions by fostering relationships
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The ongoing global regime shift toward higher interest rates and less liquidity will drive significant transformations of business investment and the allocation of resources. Given structural inflation pressures, we expect central banks will be less able to intervene than they historically were when exercising monetary policy to extend expansions and shorten recessions. Disruptions and dislocations
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The Securities and Exchange Commission’s reintroduction of a 2011-era rule proposal to ban conflicts of interest for sponsors of asset-backed securities could have wide implications for conduit borrowers and could raise borrowing and compliance costs for underwriters, municipal advisors and conduit issuers alike. The proposed rule would stop participants involved in securitization transactions from shorting
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Transcription: Chip Barnett (00:03):Hi, and welcome to The Bond Buyer. I’m Chip Barnett and my guest today is Ellis Phifer. He’s a managing director and senior strategist in the fixed income research department at Raymond James. He’s been actively involved in the fixed-income markets for over 25 years, split between fixed-income portfolio management and strategy
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Unsteady leadership has challenged the financial stability of Wellfleet, Massachusetts, according to a state review of the town’s financial management that was recently made public. High turnover rates in key government positions over the last decade left the Cape Cod town of 4,035 without sustainable revenue streams and in need of fundamental reforms, the Division
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Economic indicators did little to move fixed-income Monday as municipals were slightly firmer to start off the week, while U.S. Treasuries were a little weaker. Equities ended mixed. Tuesday and Wednesday will bring testimony from Federal Reserve Board Chair Jerome Powell and Friday will see the release of the February employment report. The market will
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Turmoil continues at an Idaho community college district where management dysfunction was a major factor in a February downgrade. A Kootenai County district judge ordered North Idaho College trustees to reinstate Nick Swayne, the college president they had placed on administrative leave in December. Tumult that put its accreditation in jeopardy was cited when Moody’s
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The fiscal pounding hospitals took last year from labor and other pressures nearly erased the fiscal 2021 recovery for hospitals operating margins that have June 30 fiscal year ends, with the full and bleaker accounting of last year’s strains still to come, Fitch Ratings said. The not-for-profit hospital sector’s bruising margin wounds last year are well known
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U.S. District Court Judge Laura Taylor Swain voided a 2022 Puerto Rico labor law, a win for the Puerto Rico Oversight Board, and perhaps an important precedent, according to an analyst. The law, Act 41, does not comply with the Puerto Rico Oversight, Management and Economic Stability Act because it was not submitted to the
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