Citi’s Muni Exit Creates Liquidity Test If Downturn Hits Market

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 50%

Business News News

Business Business Latest News,Business Business Headlines

The recent departure of Citigroup Inc., a perennial top-10 underwriter of municipal debt, from that industry may eventually pose a challenge in the next muni downturn, said officials at two of the largest market participants.

Citi’s Muni Exit Creates Liquidity Test If Downturn Hits MarketUS Industrial Production Rises Again on Boost From ManufacturingBofA Beats Estimates for Trading and Profit Even as Costs SoarDollar Heads for Best Run in Year in Bet on Fed Delaying CutsTrafigura CEO Says Copper Must Surpass $10,000 to Meet DemandNigeria’s Dollar Reserves Plunge In Tandem With Naira ReboundThe big benefits of adopting a debt-free lifestyleMost young adults think retiring by 65 is outdated: surveyMany Canadians...

5 Million for Overcharging CustomersAnnual inflation rate up in March as gasoline prices rose, but core measures lowerFreeland to present 2024 federal budget, promising billions in new spendingThe Daily Chase: Budget Day in Canada, inflation comes in at 2.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Miami Urban-Renewal Venture Taps Junk Muni Market for Next PhaseMiami Worldcenter, an urban renewal project in the city’s downtown, is poised to borrow $245 million in the municipal-bond market as it moves to finance the next phase of a venture that is almost two decades in the making.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Florida High-Speed Rail Senior Muni Debt Rated Investment GradeBrightline, the first private US passenger railroad in more than a century, obtained an investment-grade rating on its proposed senior municipal bonds in advance of a planned refinancing of $3.6 billion of debt.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Florida High-Speed Rail Senior Muni Debt Rated Investment Grade(Bloomberg) -- Brightline, the first private US passenger railroad in more than a century, obtained an investment-grade rating on its proposed senior...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »