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

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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In Tandem With Naira ReboundThe big benefits of adopting a debt-free lifestyleMost young adults think retiring by 65 is outdated: surveyMany Canadians...

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