Market Post: Munis Continue to Stabilize after Selloff
Byline: Taylor Riggs Traders continued to take relief in knowing the worst of the selloff appears to be over in the municipal bond market. "I was lying in a pile of blood earlier this week," a Chicago...
View ArticleMoody's Downgrades Puerto Rico's University System, Power Authority
Byline: Robert Slavin On the heels of its downgrade of Puerto Rico's general obligation debt, Moody's Investors Service has cut the ratings for the U.S. territory's electric power authority and...
View ArticleSanta Cruz County Agency in Financial Dispute with State
Byline: Randall Jensen Bonds sold by Santa Cruz County's redevelopment agency could still be downgraded because of a dispute with the California Department of Finance, according to Fitch Ratings. Fitch...
View ArticleCalifornia Finance Dept. Says Revenues Missed Target
Byline: Randall Jensen California revenues in November were $840 million below the forecast in the state's budget mainly due to lower tax collections from Facebook's initial public offering, according...
View Article-Banking Standards Committee Want Ring Fence to Be 'Electrified'
Global Banking News-December 21, 2012--Banking standards committee want ring fence to be 'electrified'(C)2012 ENPublishing - httpwww.enpublishing.co.uk Global Banking News - 21 December 2012 The...
View ArticleIn ICE-NYSE Deal, One CEO Steps Back, the Other Rises
NEW YORK (Reuters) - , the chief executive of New York Stock Exchange operator NYSE Euronext, once boldly proclaimed that his company could not be acquired.Last year, even when Mr. Niederauer was...
View ArticleThe Fall and (Partial) Rise of Royal Bank of Scotland
LONDON (IFR) - had little idea of exactly what he was buying when he signed off on a 20 billion ($32.3 billion) state rescue of the Royal Bank of Scotland just after 6 a.m. on Oct. 13, 2008.The...
View Article-IMF Calls on EU for Speedier Crisis-Solving Measures
Global Banking News-December 21, 2012--IMF calls on EU for speedier crisis-solving measures(C)2012 ENPublishing - httpwww.enpublishing.co.uk Global Banking News - 21 December 2012 The IMF has called on...
View Article-HSBC Ends Role as Book Runner for Asiacell Float
Global Banking News-December 21, 2012--HSBC ends role as book runner for Asiacell float(C)2012 ENPublishing - httpwww.enpublishing.co.uk Global Banking News - 21 December 2012 According to Reuters,...
View Article-Judge Asks for Reasons to Accept Settlement between HSBC and US Government
Global Banking News-December 21, 2012--Judge asks for reasons to accept settlement between HSBC and US government(C)2012 ENPublishing - httpwww.enpublishing.co.uk Global Banking News - 21 December 2012...
View ArticleTradeweb Upgrades Retail Platform, Teams with Vanguard
Byline: Tonya Chin Tradeweb Markets LLC, one of the four biggest alternative trading systems in the muni market, aims to add greater transparency and security to the retail market with recent...
View ArticleMarket Close: Muni Selloff Pauses, Even Reverses, as Traders Say Worst Is Over
Byline: Taylor Riggs The tax-exempt market took a breather, and even firmed up according to some accounts, from a recent selloff that saw muni yields soar almost 40 basis points on the long end....
View Article-Goldman Sachs Issues Loan to NYC Bike Programme
Global Banking News-December 21, 2012--Goldman Sachs issues loan to NYC bike programme(C)2012 ENPublishing - httpwww.enpublishing.co.uk Global Banking News - 21 December 2012 Goldman Sachs (NYSE: GS)...
View Article-Turkish Central Bank Plans Repo Auction
Global Banking News-December 21, 2012--Turkish central bank plans repo auction(C)2012 ENPublishing - httpwww.enpublishing.co.uk Global Banking News - 21 December 2012 The central bank of Turkey plans...
View Article-Advisory Fee Income on Decline in Banks
Global Banking News-December 21, 2012--Advisory fee income on decline in banks(C)2012 ENPublishing - httpwww.enpublishing.co.uk Global Banking News - 21 December 2012 Advisory fees such as those on...
View Article-Brazil Ready to Sell on Spot Market to Increase Liquidity
Global Banking News-December 21, 2012--Brazil ready to sell on spot market to increase liquidity(C)2012 ENPublishing - httpwww.enpublishing.co.uk Global Banking News - 21 December 2012 The central bank...
View ArticleOak Ridge, Tenn., Electric Revs Raised to A by S&P
Standard & Poor's Ratings Services said it raised its rating on Oak Ridge, Tenn.'s electric system revenue debt one notch to A from A-minus. The outlook is stable. The upgrade reflects Standard...
View ArticleMarket Post: Muni Decline Continues as Year End Approaches; Funds See Outflows
Byline: Taylor Riggs The tax-exempt market had a rough ride this week as yields jumped as much as 13 basis points on the long end and municipal bond funds saw their largest weekly outflows since...
View ArticleNovember Chicago Fed Nat'l Activity Index Rebounds to Positive 0.10
Byline: Gary Siegel The Chicago Fed National Activity Index for November climbed to positive 0.10 from a revised negative 0.64 reading in October, while the three-month moving average (CFNAI-MA3) rose...
View ArticleCalifornia Statewide CDA Taxable POBs Cut to Baa1 by Moody's
Moody's Investors Service said it has downgraded to Baa1 from A1 the rating of the California Statewide Communities Development Authority's taxable pension obligation bonds, Series 2004 A-1 (pooled...
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