Recent News
Banks Face New Rules on Accounting for Credit Losses
In July 2016, the Financial Accounting Standards Board (FASB) issued a new expected credit loss standard for banks and credit unions.
by Laura Fox
PUBLIC FINANCE TRENDS
BQ Benefit and IL Premium
This issue focuses on two fundamental trends with a noteworthy impact to our clients. The above-left graph compares a recent non bank-qualified (NBQ) Aa2 transaction with a bank-qualified (BQ) Aa2 transaction. The BQ benefit is insignificant through the first nine years of the yield curve, but offers more value in year ten and beyond.
by Laura Fox
PUBLIC FINANCE TRENDS
Interest Rates and Bond Insurance
The graph above left compares Bloomberg AAA municipal rates from 7/9/19 with those from early May, the last edition of this newsletter. Interest rates continue to fall in 2019 with rates now lower by as much as 0.33% in just two months. The graph above right compares an underlying AA credit with an insured AA (A- underlying) credit.
by Laura Fox
View Full List of 2020 Articles
by Laura Fox
PMA’s Wisconsin Team Welcomes Erik Kass
Milwaukee, Wis. – February 3, 2020- PMA Securities, LLC (“PMA”) is pleased to announce the addition of Erik Kass to our Wisconsin team.
Mr. Kass joins PMA with nearly 17 years of experience in the financial industry. He has worked with multiple school districts throughout Wisconsin, managing budgets and developing financial strategies.
by Laura Fox
PMA Financial Reaches Agreement to Acquire Miles Capital
Naperville, Ill. – January 29, 2020- PMA, a premier full-service provider of comprehensive financial and investment advisory services to municipalities, school districts, local government pools, and insurance companies announced today that it has reached a definitive agreement to acquire substantially all of the assets of Miles Capital, Inc. (“Miles Capital”) from Chairman and principal owner David Miles and other employee owners and investors.
by Laura Fox
FEATURED MARKET DATA
Financial Market Fallout
Coronavirus fears and anticipated impact on the global economy have driven large market moves. As of March 6th, the S&P 500 has declined nearly 13% from its closing price on February 19th.
by Laura Fox
INVESTMENT ADVISORY SERVICES: FEATURED MARKET DATA
Coronavirus Expected to Slow Global Growth
An announcement in the last week of January that major U.S. airlines will suspend flights to China for an extended period is unprecedented during peacetime.
by Laura Fox 