The Basel III Endgame proposal has stirred up a storm of controversy within the broker-dealer and investment firms, with many calling for a complete overhaul of the rules. Susan Joyce, the head of muni trading & FI market structure at AllianceBernstein, expressed the need for a reevaluation and possible rewrite of the rules due to
investment
Florida’s Brightline passenger train has faced significant challenges with its debt restructuring plan, including the addition of unrated tax-exempt paper to the mix. This move has raised concerns among investors, who are closely monitoring the pricing and potential risks associated with the new bonds. The restructuring plan includes a total of $2 billion in tax-exempt
The ongoing Israel-Iran conflict is contributing to increased market uncertainty as tensions continue to mount in the region. Despite efforts to ease the situation, the conflict shows no signs of abating, adding to the volatility in the market. The broader U.S. equity market is facing challenges, with the S & P 500 experiencing a significant
As the Bitcoin halving approaches, increased volatility and trading volume are expected in both Bitcoin and mining stocks according to JPMorgan analyst Reginald Smith. Despite recent weakness in the market, Smith believes that this presents an attractive entry point for investors. Additionally, JPMorgan’s top picks for mining stocks are Riot Platforms and Iris Energy, which
Despite recent safety issues plaguing the aviation industry, airline executives have noted that there is no slowdown in demand for flights. United Airlines, along with other major carriers, is expecting to see record numbers of travelers this summer. The Chief Commercial Officer of United Airlines, Andrew Nocella, reported that demand remains strong, with the airline
The municipal bond market experienced little change on Wednesday due to a slowdown in supply and small inflows into muni mutual funds. Despite this, U.S. Treasury yields declined, and equities faced losses, showcasing a complex interplay of factors affecting the market. The Investment Company Institute reported modest inflows into municipal bond mutual funds for the
The upcoming bitcoin halving event is causing a buzz among miners and investors alike. With the impending cut in miners’ revenue stream, many are wondering how this will impact the industry as a whole. Despite the uncertainty, analysts believe that publicly traded miners are well-equipped to weather the storm and even thrive in the face
In a move that has the potential to shake up the legal landscape in the infrastructure industry, Norton Rose Fulbright has announced the addition of Patrick Harder to co-head the firm’s U.S. and North America infrastructure groups. This hiring comes after Harder’s impressive 20-year tenure at Nossaman LLP, where he made a name for himself
When discussing fixed income investments, many people focus on hitting home runs and going for the big wins. However, according to Mary Ellen Stanek, co-chief investment officer at Baird Advisors, success in this asset class is more about consistency and maintaining a high batting average. Stanek emphasizes the importance of avoiding high strikeout percentages by
In a recent development shared by @WuBlockchain X handle, the Hong Kong Securities and Futures Commission approved several spot Bitcoin and Ethereum exchange-traded fund (ETF) applications. This move opens up new investment avenues for crypto enthusiasts in Hong Kong and signals a growing acceptance of digital assets by traditional financial regulators. The issuers greenlit by