Making money in the $4 trillion municipal bond market is harder than ever after a two-decade long drop in underwriting markups pinched bottom lines, contributing to pullback by major Wall Street firms such as Citigroup Inc. and UBS Group AG.
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UBS completes merger of UBS and Credit Suisse parent companiesSwiss bank UBS said on Friday it had completed the merger of the main parent companies of the Swiss lender and its longtime rival Credit Suisse, which it...
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Munis Suffer Worst Week Since March 2020 as Supply Wave WeighsThe $4 trillion municipal bond market is wrapping up its worst week since early 2020 as an onslaught of issuance weighs on the debt of US states and cities.
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NY’s JFK Airport Taps Munis for $1.5 Billion to Revamp TerminalJohn F. Kennedy International Airport is seeking funds to help it build its New Terminal One, making it the latest facility to tap investors amid an airport bond boom.
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Russian Tycoon Usmanov Sues UBS Over Money Laundering ReportsSanctioned Russian billionaire Alisher Usmanov sued a German unit of UBS Group AG over anti-money laundering reports that he claims triggered an illegal criminal investigation against him.
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Citigroup downgrades Hims & Hers Health to Neutral from BuyCitigroup has downgraded Hims & Hers Health (HIMS) to Neutral from Buy and raised its price target to $20 from $16. Yahoo Finance's Julie Hyman and Josh...
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