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(Bloomberg) -- The relationship between the once-bankrupt Jefferson County, Alabama, and Citigroup Inc.’s distressed-cities specialist David Brownstein spanned more than a decade. It was so strong that, even as the bank’s public finance business was publicly on the chopping block, his team was able to score the lead manager slot on a $2.5 billion mega-deal. Most Read from BloombergVilified Zero-Day Options Blamed by Traders for S&P DeclineHarvard Financial Pain Grows as Blavat...

The letters are stamped all over the hallways of Chicago’s giant skyscrapers and grand office buildings. DRW, IMC, CME, Cboe. These are some of the derivatives firms that collectively handle trillions of dollars a year in trades, greasing the wheels of global markets with everything from stock options to corn futures. Most of them have

(Bloomberg) -- The letters are stamped all over the hallways of Chicago’s giant skyscrapers and grand office buildings. DRW, IMC, CME, Cboe.Most Read from BloombergHow Auto Executives Misread the UAW Ahead of Historic StrikeXi’s Missing Defense Chief Opens Door for US Military TalksEurope Is Better Prepared If Trump Wins Again, Germany’s Baerbock SaysMGM Resorts Hackers Broke In After Tricking IT Service DeskThese are some of the derivatives firms that collectively handle tr...

“We don’t want to leave,” says Cboe CEO Ed Tilly. “But we cannot be in a position where we are disadvantaged.”

(Bloomberg) -- Wall Street banks’ potential bill to settle bond price-fixing lawsuits has been slashed, falling to around $900 million from about $2.5 billion penciled in just a month ago.Most Read from BloombergRetirees Face $17,400 Cut to Social Security Benefits in 2033First American City to Tame Inflation Owes Its Success to Affordable HousingEcuador Presidential Candidate Assassinated, Suspect Shot DeadNaira Extends Drop From Record as Black-Market Dollar Rate SoarsEveryone Wants to ...

Chicago business leaders are pledging money and jobs to address rising crime.

State courts juggling election priorities are speeding redistricting cases and frustrating lawyers looking to allege illegal gerrymandering. In Washington, the Biden administration is preparing guidance for private health plans and at-home Covid-19 test reimbursement, and meeting pushback from industry.

The fate of President Joe Biden’s push to vaccinate millions of workers amid the latest Covid-19 surge rests with a U.S. Supreme Court likely to be wary of his assertion of broad federal power to confront the pandemic.

Tens of thousands of New York City employees -- including police, fire and sanitation workers -- could face unpaid leave Monday as a contentious vaccine mandate goes into effect.