Citigroup, Nuveen Accused of Mishandling Evidence in Major Muni Spat
Three investment banks, including two giants and one smaller firm, are embroiled in a court battle that’s currently heating up. From Bloomberg: Citigroup Inc. and Nuveen LLC were accused of mishandling evidence that the municipal bond giant tried to strong-arm...How Kansas City Will Spend Its $195B Stimulus Windfall
Kansas City is set to receive $195 million over two years from the American Rescue Plan. The Kansas City Star has an instructive breakdown of how the city will spend the money: A detailed spending plan emerged at City Hall this week for how it may end up spending that...Airport Bonds Surge As Vaccinations Increase
Airport bond yields have nearly returned to pre-pandemic levels as U.S. citizens continue to get vaccinated and travel volumes rise. From Bloomberg: Bonds backed by America’s airports are rallying back as the Covid vaccine rollout promises to revive the travel...Andrew Yang’s Plan to Control NYC Subway Raises Q’s About Revenue, Bond Offerings
One of the central policies of Andrew Yang’s mayoral campaign has been the takeover of the city’s subway system. But transit experts balk at the idea the MTA should be controlled by the mayor’s office, which could make bond offerings a bit more...Public Finance Groups Give ‘Thumbs Up’ to Biden’s Speech
President Biden’s congressional address has been received favorably by various public finance-related trade groups. Bond Buyer with the round-up: Ballard Spahr partner Teri Guarnaccia, the president of the National Association of Bond Lawyers, said her...Listen to Our Civic Development Podcast!
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