Yields on the muni offerings aren't compelling enough for buyers outside of the ultra-wealthy.
Buyers are passing on muni bonds for money funds offering 5% yields.
John Castic, 27, was found in Brooklyn's Newtown Creek on Tuesday.
Expenses will be under scrutiny as the industry thins out its ranks to cope with a slowdown in deals.
Black employees made up about 3.7% of senior officials and managers at the bank in November.
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