S&P: Wells Fargo CEO Was Highest Paid in 2019
August 11, 2020 – A report by S&P said Charles Scharf, CEO of Wells Fargo, was the highest paid banking…
Bank of America Says Trump Executive Orders May Have Limited Economic Impact
August 10, 2020 – In a research report issued by Bank of America’s Global Economics Team, analysts noted that the…
NYC Selects Underwriters. Wells Is In. Goldman and Morgan Stanley Are Out. Minority Firms Achieve 33% of Book-Running Roles.
August 7, 2020 – New York City announced results of its recent procurement process this morning – selecting underwriting firms…
Chicago Breaks with NYC; Mayor Lightfoot Says Schools Won’t Reopen in the Fall.
August 5, 2020 – Will they or won’t they? The question top-of-mind for millions this month is not whether the…
S&P: Prolonged Revenue Weakness Could Pressure Convention Center Credit Ratings
July 27, 2020 – As reopenings in California and Sun Belt states are halted, S&P Global Ratings said today it…
Foreign Investors Can Achieve Over 120 Bps Incremental Yield For Taxable Munis
July 21, 2020 – An analysis by Bank of America indicated European and many Asian investors can achieve significant incremental…
Morgan Stanley: “CARES 2” Will Extend Up To $614B of Muni-Related Stimulus Aid And Bring Back Advance Refundings
July 20, 2020 – Morgan Stanley waded into the Congressional prediction sweepstakes today, predicting that Congress will extend up to…
Low-Risk Taxable Munis Outperformed Agency and Corporate IG Debt in 1H2020
July 8, 2020 – Data by JP Morgan and Bloomberg found that taxable municipal bonds returned 8.5% in the first…
Will Charges of Racism Derail Morgan Stanley and Wells Fargo’s Muni Underwriting?
July 8, 2020 – As 2020 move into its pivotal second half, investment bankers are gearing up for a slew…
Citi’s Controversial Recommendation: Issuers Should Issue More Debt
June 28, 2020 – In a report issued yesterday, Citi’s Municipal Research team recommended state and local governments undertook “aggressive…
