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

📆 2024/06/22 2:48:00
📰 BNNBloomberg

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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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