JPMorgan Takes First Step to Revive Texas Muni-Bond Business (1)

JPMorgan Chase & Co. is taking the first step toward re-entering the crucial Texas public-finance market, about eight months after a new GOP law forced the bank to step back from underwriting most municipal-bond deals in the state.

Foley & Lardner LLP, a law firm representing JPMorgan, sent a letter to officials with the Texas attorney general’s office on May 13 stating it believes the bank can verify compliance with two Republican laws that sought to punish Wall Street for taking on gun and energy policies, according to a copy of the letter seen by Bloomberg News. A spokesperson for ...