WASHINGTON -- The Financial Industry Regulatory Authority has fined Jefferies & Co. $1.5 million for failing to disclose additional compensation it and its brokers received and conflicts they had in connection with the purchase...

As New Jersey gears up for a $600 million Transportation Trust Fund Authority bond issue set to price in early May, it faces a municipal market looking to draw investors back into the fold.

NEW YORK - Bank of America Corp. sent Assured Guaranty Ltd. $850 million in cash Thursday as part of a $1.1 billion settlement on mortgage-related securities announced Friday. The out-of-court settlement is the biggest to date...

WASHINGTON -- Rep. John Tierney, D-Mass., plans to soon introduce a bill that would require all new munis to be taxable direct-pay bonds with a 25% federal subsidy rate -- a proposal drawing a frosty reception from issuers and...

WASHINGTON -- The Great Recession significantly widened states pension and retiree health care funding shortfalls, the Pew Center on the States concluded in a report released Tuesday.

WASHINGTON -- This year will be the toughest year so far for state and local governments since the economic plunge began in 2008, with rating downgrades expected to outnumber upgrades, according to Moody s Investors Service.

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SAN FRANCISCO -- The restructuring of $2 billion of San Joaquin Hills toll-road debt appears to have bondholders on board since the alternative is a likely default.

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City leaders say they expect Vallejo to emerge from bankruptcy protection by July as settlement talks with its creditors near final agreement, in a case being closely watched by the municipal-bond industry and by financially...