News Results

  1. Morgan Stanley is fined by US regulator for municipal securities violations
    Reuters | 02/15/24 11:39 AM EST

    A U.S. regulator on Thursday fined Morgan Stanley (MS) $1.6 million for failing to timely cancel or close out 239 failed inter-dealer municipal securities transactions, and take prompt steps to obtain control of hundreds of municipal securities that had been due for months.

  2. Morgan Stanley is fined by US regulator for municipal securities violations
    Reuters | 02/15/24 10:40 AM EST

    A U.S. regulator on Thursday fined Morgan Stanley (MS) $1.6 million for failing to timely cancel or close out 239 failed inter-dealer municipal securities transactions, and take prompt steps to obtain control of hundreds of municipal securities that had been due for months.

  3. Fitch lowers Bolivia's rating to 'CCC'
    Reuters | 02/06/24 02:40 PM EST

    Global ratings agency Fitch on Tuesday downgraded Bolivia's sovereign credit ratings to "CCC" from "B-", citing heightened risks to macroeconomic stability and debt service capacity after its usable international reserves declined to "very low levels."

  4. US appeals court to weigh fate of $12 bln bank collusion case
    Reuters | 02/05/24 04:56 PM EST

    A U.S. appeals court on Monday said it will hear a challenge to a judge's order allowing American cities to band together in a $12 billion class action accusing eight major banks of artificially inflating interest rates on a popular municipal bond.

  5. Evergrande's bond holders could wait years for little payout - ratings agency
    Reuters | 01/31/24 12:28 AM EST

    China Evergrande's (EGRNQ) offshore dollar bondholders stand to receive a potentially tiny payout in a complicated process that could take years to play out after the property giant was placed in liquidation, according to S&P Global Ratings.

  6. Texas bans Barclays from local govt debt business over ESG concerns
    Reuters | 01/26/24 01:03 PM EST

    Texas Attorney General Ken Paxton on Friday said Barclays (JJCTF) bank would not be permitted to underwrite municipal bonds after failing to respond to questions from state authorities about its pledges to cut greenhouse gas emissions.

  7. BRIEF-CrossFirst Bankshares Announces Bond Portfolio Repositioning
    Reuters | 12/19/23 06:54 AM EST

    CrossFirst Bankshares Inc (CFB): * CrossFirst Bankshares Inc (CFB) - SALE OF ABOUT $80 MILLION OF AVAILABLE-FOR-SALE MUNICIPAL SECURITIES, RESULTING IN AN AFTER-TAX LOSS OF APPROXIMATELY $0.8 MILLION. * CrossFirst Bankshares Inc (CFB): EXPECTS TRANSACTION WILL CONTRIBUTE ADDITIONAL DILUTED EARNINGS PER SHARE ACCRETION OF $0.02 IN 2024 Source text for Eikon: Further company coverage:

  8. BRIEF-S&P Says California GO Bond Rating Outlook Revised To Stable From Positive On Significant Revenue Under Collections
    Reuters | 12/15/23 02:14 PM EST

    S&P: * CALIFORNIA GO BOND RATING OUTLOOK REVISED TO STABLE FROM POSITIVE ON SIGNIFICANT REVENUE UNDER COLLECTIONS.

  9. BRIEF-Horizon Bancorp Sold $382.7 Mln In Available-For-Sale Securities
    Reuters | 12/12/23 04:23 PM EST

    Horizon Bancorp Inc (HBNC): * HORIZON BANCORP (HBNC): ANNOUNCED EXECUTION OF BALANCE SHEET REPOSITIONING RELATED TO INVESTMENT SECURITIES PORTFOLIO & BANK OWNED LIFE INSURANCE POLICIES. * HORIZON BANCORP (HBNC): SOLD $382.7 MILLION IN AVAILABLE-FOR-SALE SECURITIES, COMPOSED OF TREASURY, AGENCY, CORPORATE, MUNICIPAL SECURITIES. * HORIZON BANCORP (HBNC): SURRENDERED $112.8 MILLION IN BANK OWNED LIFE INSURANCE.

  10. BRIEF-Moody's Assigns Aa3 To Connecticut's Go Bonds Outlook Stable
    Reuters | 12/07/23 02:19 PM EST

    Moody's: * ASSIGNS AA3 TO CONNECTICUT'S GO BONDS; OUTLOOK STABLE Source text for Eikon:

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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