Citigroup, UBS Exit Munis After Market’s Profits Plummet by 50%

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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 companiesExplore stories from Atlantic Canada.
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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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