News Formal

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

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

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

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.

Sugar and Coffee Hit by Weak Brazilian Real Amid Weather FearsAt Blackstone's $339 Billion Property Arm, the Honeymoon Is OverVenezuela Set to Join Global Watchdog’s Dirty Money ‘Gray List’Ecuador Braces for More Blackouts After Hydro Plant Goes OfflineThailand’s $102 Billion Budget Gets Initial Nod From LawmakersMillennium in Talks to Raise Billions of Dollars in New CapitalGene Therapy for Kids’ Deadly Disease Wins Broader FDA ApprovalLA Lawmaker Vows New $15 Billion Fight Over Oil at...

87%Homebuyers in Canada bet on more rate cuts with adjustable loansRussia’s Richest Woman Gets Putin’s Nod to Build Payments SystemOpenAI Buys Enterprise Startup to Help Customers Sift Through DataJPMorgan, Ex-Trader Agree to Settle Wrongful Firing LawsuitWhen Hot Weather Arrives, Worker Productivity Is at RiskSugar and Coffee Hit by Weak Brazilian Real Amid Weather FearsUS Lawmakers See Ill and Jailed Binance Exec on Trial in NigeriaNJ Transit Rail Service Suspended In and Out of New York’s...

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 SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

UBS completes merger of UBS and Credit Suisse parent companiesExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

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...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »