Martin Z. Braun
Trump’s SALT cap fuels a wealth exodus from high-tax states
NEW YORK – Some of the hardest evidence yet indicates that the 2017 Republican tax law is pushing money and people from high-tax states...
Connecticut closes budget deficit without income-tax hike
NEW YORK – Connecticut’s $43 billion two-year budget, which spares residents an income-tax increase, is getting mostly positive reviews from investors.
The budget, approved by...
SEC forces cities to reveal Wall Street loans with holdings surging
NEW YORK - The U.S. Securities and Exchange Commission moved to require states and local governments to disclose bank loans and privately placed debt, seeking...
Stock gains lift state pension funding for first time since 2014
NEW YORK - The health of United States state pension systems improved for the first time since 2014 because of global stock-market gains, according to...
Connecticut lawmakers pass veto-proof budget to rescue Hartford
NEW YORK - Connecticut lawmakers ended a four-month impasse over the budget by approving steps to close the state’s $3.5 billion deficit and provide...
In America’s richest state, the capital flirts with bankruptcy
NEW YORK - The hedge-fund enclave of Greenwich, on the Connecticut Gold Coast, is about 100 miles and a world away from the state...
Bank of America expands lead in U.S. municipal-bond underwriting
NEW YORK - Bank of America Corp. is extending its lead in the municipal-bond business.
The Charlotte, N.C.-based bank held its spot as the top...
Rhode Island pension terminates Och-Ziff and Brevan Howard funds
PROVIDENCE - Rhode Island’s $7.7 billion pension fund terminated investments in seven hedge funds, including Brevan Howard Asset Management and Och-Ziff Capital Management Group...
Bank of America tops municipal underwriter ranks for fourth year
NEW YORK - John Lawlor, the head of Bank of America Corp.’s municipal-bond department, is a graduate of the U.S. Naval Academy. In 2015,...
Connecticut’s Mohegans bond sale flounders as junk supply grows
NEW YORK - Connecticut’s Mohegan Tribe, which own the Mohegan Sun casino, hasn’t been able to complete a $53 million bond sale as competition...