News Feed

Yvette Shields
March 2, 2020 2:01 PM

The state's projected budget surplus was raised to $1.5 billion, but officials are cautious over risks of economic slowdown and the impact of COVID-19.

3 Min Read
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Brad Finkelstein
March 2, 2020 12:17 PM

Fears stemming from the coronavirus have resulted in lower mortgage rates and more business for now, but if the situation deteriorates further, consumers could decide to put off buying a home.

3 Min Read
Gary Siegel
March 2, 2020 12:14 PM

Policymakers may not wait until their mid-month meeting and could act with other central banks.

4 Min Read
M&A wrap: Houlihan Lokey, Lincoln, Jefferies, William Blair, Piper Sandler, BV, Jack Welch, GE, Gilead, KKR, Palladium, Odyssey, Coronavirus
March 2, 2020 11:47 AM

Stock market volatility continues, as investors gauge the impact of the coronavirus on the global economy. We turn to dealmakers from Riverside, Merrill Corp. and Paul Hastings for insights on how the virus will affect the middle market. Houlihan Lokey, headquartered in Los Angeles, tops the list of most active investment banks in PE-backed deals. Audax, in Boston, ranks as No. 1 in PE firms doing U.S. deals.

8 Min Read
Amid virus concerns, New York City leads $8.5B slate
Muni Minute

Issuers tapping the market in uncertain times, but with certainty of low rates.

1:22
Michael Moeser
March 2, 2020 9:56 AM

Coronavirus, also called Covid-19, is wreaking havoc on the stock market, with a heightened effect on the travel industry. It could also cause a drastic change in payment habits, as consumers shift to digital channels to reduce their risk of infection from handling cash.

1 Min Read
Discover’s Roger Hochschild, left, says the card lender stands ready to help customers whose incomes are interrupted. Curtailed travel could weaken demand for commercial loans, says Wells Fargo’s John Shrewsberry, center. Morgan Stanley’s Jonathan Pruzan says that his firm will feel the impact if the threat persists.
Kevin Wack
February 28, 2020 4:25 PM

With health organizations warning of a global outbreak, banks are starting to assess the risks to their bottom lines.

6 Min Read
Neil Haggerty
February 28, 2020 4:10 PM

The Massachusetts senator and presidential candidate sent a letter to CEOs of five of the largest U.S. banks asking about their response to the outbreak.

1 Min Read
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Aaron Weitzman
February 28, 2020 4:05 PM

With each passing day, fears surrounding COVID-19 elevate as the equity sell-off pressed on. The biggest winners have and will continue to be muni issuers, as they are selling into a record low rate market.

5 Min Read
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Aaron Weitzman
February 28, 2020 2:34 PM

Taxable bonds and COVID-19 are two of the main catalysts that helped February municipal bond volume ascend to its highest level since at least 1986.

4 Min Read