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RBC Exclusive: Deal Flow and the Limits of Regulation

RBC Capital Markets, along with Wells Fargo & Co., has been removed from underwriting muni deals in the thriving municipal-bond market in Texas, following Texas Attorney General Ken Paxton’s investigation into the energy policies of finance companies.

Investigation into energy policies disrupts Texas muni market, leading to RBC's removal from underwriting deals. PHOTO: Alex Tétreault/NationalO
Investigation into energy policies disrupts Texas muni market, leading to RBC’s removal from underwriting deals. PHOTO: Alex Tétreault/NationalO

This inquiry specifically targets eight Wall Street bond underwriters,

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