The bankers on a $167.9 million refunding say San Diego Community College District became the first community college in California to tender general obligation bonds in a deal that converted taxable debt into tax-exempt for savings. RBC managing directors Karma Pemba and Katherine Jacobson priced the debt for the community college on Feb. 8, achieving
The municipal primary kicked into swing Monday with New York City Municipal waters pricing for retail investors while the secondary was quiet in light trading leading to a steady tone, even as U.S. Treasuries were weaker and equities were mixed near the close. In the primary market Monday, Siebert Williams Shank held a one-day retail
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jeremy Hunt will on Wednesday give motorists a £5bn pre-election tax break in the Budget, as hopes rise among Tory MPs that the chancellor has mustered enough money to fund a surprise 2p income tax
Fiscal 2024 transportation funding would remain essentially flat to the previous year under a bipartisan spending bill unveiled Sunday, with a few cuts to grant programs that President Joe Biden had hoped to fund. The full six-bill “minibus” totals $465 billion, and if passed by Friday would fund the federal agencies through the remainder of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Britain’s chancellor is in a bind. Jeremy Hunt is under pressure to unveil a spring Budget on Wednesday that can help the Conservative government cut the Labour party’s large lead in the polls, with an
The owners of this Florida mansion are asking for $24 million for their almost 11,500 square-foot residence inside one of the most expensive gated communities in Delray Beach, Florida. The price tag puts the home, known as Villa Ananda, at a price per square foot of almost $2,100, which is well beyond record-breaking territory for
New York City on Monday announced its selection of financial advisors for upcoming bond issuances in 2024. The Mayor’s Office of Management and Budget, the Office of the New York City Comptroller, the New York City Transitional Finance Authority, the New York City Municipal Water Finance Authority, the Hudson Yards Infrastructure Corp. and TSASC Inc.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. French lawmakers have enshrined access to abortion in the country’s constitution in a global first that advocates of the move said was needed to prevent any future restrictions on reproductive rights. A large majority of
J.P. Morgan plans to beef up its muni team, hiring three former Citi employees with plans to bring on three more in the coming weeks. The bank has also hired some analysts for its infrastructure group over the past several weeks. The latest hires from Citi are Andrew Hildreth as executive director in the infrastructure
As many professional workers have settled into now well established hybrid work patterns, banks and other financial services companies have stood out in recent weeks for the battles they are still having with staff. Several lenders have upset employees by demanding they return to the office more days a week, with workers complaining of draconian
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US Supreme Court has ruled that Donald Trump can remain on the presidential primary ballot in Colorado, overturning a decision from the state’s highest court that found the former president was not qualified to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It’s been more than 25 years since the biggest names on Wall Street started being hit by massive sex discrimination claims. Each time they ponied up millions of dollars, bank leaders piously promised to make
SEC Chairman Gary Gensler testifies before the U.S. Senate Committee on Banking, Housing and Urban Affairs during an oversight hearing on Capitol Hill in Washington, D.C., September 15, 2022. Evelyn Hockstein | Reuters Securities and Exchange Commission Chair Gary Gensler on Wednesday will hold a vote on one of his most controversial proposals: a rule
S&P Global Ratings Friday revised its outlook on Mississippi to negative from stable and affirmed the state’s general obligation bonds at AA. S&P also the AA-minus rating on the state’s appropriation-backed special obligation bonds and lease revenue certificates of participation. In addition, S&P affirmed the A rating on the Mississippi Development Bank’s outstanding debt, reflecting
Enjoy complimentary access to top ideas and insights — selected by our editors. William W. “Bill” Fish, who spent his career working with municipal bonds, died on Feb. 18 at The Connecticut Hospice overlooking the Long Island Sound, which he loved. Mr. Fish was born on Nov. 12, 1944, in Brunswick, Maine. He attended Bowdoin
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a contributing columnist, based in Chicago Most US voters are concerned about the age of their next leader — but that doesn’t necessarily mean the issue will determine how they vote in
A recent report warns that Boston’s tax revenue may fall by $1.2 to $1.5 billion over the next five years — the equivalent of the city’s 2024 education budget. Not every analyst concurs with the report’s headline number, but there’s consensus that the triple-A-rated city is uniquely vulnerable to the national decline in commercial real
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer directs the Center on the US and Europe at the Brookings Institution Two weeks ago, Republican US senator JD Vance told an audience at the Munich Security Conference that “the time has come for Europe
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Germany has rejected a claim by Moscow that it is planning attacks on Russian territory, calling it “absurd propaganda”. Russia made the claim after Kremlin-controlled media published a recording in which senior German air
Jaap Arriens | NurPhoto | Getty Images The price of bitcoin rose to start the week, edging even closer to its all-time high after the rally took a breather over the weekend. The flagship cryptocurrency was last higher by 3.7% at $65,127.00, according to Coin Metrics. Earlier, it rose to as much as $65,606.17, its
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