Bank of America Tops Municipal Underwriter Ranks for Fourth Year

  • Investment banks manage more tax-exempt bond sales for less
  • Underwriting fees on no-bid deals fall to seven-year low

John Lawlor, the head of Bank of America Corp.’s municipal-bond department, is a graduate of the U.S. Naval Academy. In 2015, he navigated the second-largest U.S. bank by assets to the top of the muni-bond underwriting table for the fourth straight year.

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