Peter Delahunt, who helped build Raymond James’ municipal team over 26 years with the firm, has been wooed out of retirement to do the same for StoneX. The global firm has a large fixed-income team and had made a decision to go big on munis seeing opportunity in the sector at the height of the
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California Treasurer Fiona Ma unveiled a new online program to teach local government and school board members about the ins and outs of issuing debt. The program created through the California Debt and Investment Advisory Commission, which Ma chairs, has an educational mandate. “What we are about to unveil will be the first of its
We sell a short competitive refunding. The financial advisor informs us of the low bid, and we make the award. Then, the FA resizes the maturities for the coupons on the winning bid. Because it is a competitive bid, we know we got the best deal available, the only problem is, we didn’t. What went
New York Gov. Kathy Hochul threw down a marker when she leaned on the Port Authority of New York and New Jersey to reconsider the $2.1 billion LaGuardia AirTrain project. Her move comes amid wider debate about regional infrastructure. Municipal bond analyst Joseph Krist called it “the first significant capital project to fall victim to
The central bank of Russia is trying to evaluate the amount of Bitcoin (BTC) held by local investors amid a massive amount of money not returning to banks following the pandemic-fueled withdrawals. According to Elizaveta Danilova, head of the central bank’s financial stability department, the Bank of Russia is polling local cryptocurrency investors to estimate
United Wholesale Mortgage (UWM), one of the largest wholesale and purchase lenders in the United States, is ditching Bitcoin (BTC) payment plans after running a test. UWM officially announced Thursday that the company has successfully conducted its first-ever cryptocurrency mortgage pilot, accepting five crypto payments in October and one in September. The firm did not
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