Now that its deal with Texas Capital has been called off, Independent Bank in McKinney plans to scale back or exit some commercial lines and will seek to duplicate its retail banking successes in Colorado.
Sales tax collections fell 13.2% compared to the same month last year, the steepest decline since January 2010
Like their traditional peers, charter schools in the Southwest see the writing on the wall when it comes to future funding in a coronavirus-driven recession.
Sales taxes are a pillar of the Texas state budget, and the usually stable revenue source has taken a hit from the COVID-19 pandemic.
Amid the market mayhem and work-from-home requirements, Hilltop Securities is adopting new tools to keep clients current on coping strategies.
Stay-at-home orders and school closures driven by COVID-19 have cut traffic in half or more on many toll roads and bridges.
Weak demand for oil and gas, brought on by the economic fallout of the coronavirus outbreak, has raised concerns of energy firms missing loan payments or even going bankrupt. Here’s how banks and regulators are trying to get ahead of potential problems.
Bond-financed bridges across the Rio Grande will lose revenue because of the partial closure of the border, as will the Texas economy.
Local issuers in Texas also received authority to postpone bond measure elections that are slated for May.
Cities and states that rely on hotel taxes and tourism-related revenues will lose billions as events and attractions shutter to slow the spread of COVID-19.