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Updated 9 minutes ago
JPMorgan Chase & Co., the biggest U.S. bank by assets, plans to consolidate its electronic trading system for corporate bonds with other asset classes in the early part of this year as lenders seek to adapt to regulatory changes and reduce costs.
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Seer Capital Management LP increased its bets on commercial mortgage-backed securities, saying the debt has more room to gain than residential notes, according to a letter sent to investors.
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Updated 2 hours, 52 minutes ago
JPMorgan Chase & Co.’s $6.2 billion trading loss last year is little more than a fading memory for bondholders who awarded the lender its cheapest U.S. borrowing costs ever at a debt sale yesterday.
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Dynegy Inc., the U.S. independent power producer that exited from bankruptcy protection last year, is preparing to refinance $1.36 billion of debt as early as March to capitalize on low borrowing costs.
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Issuers of securities tied to U.S. rental homes will struggle to obtain ratings above the lowest investment-grade tier from Moody’s Investors Service unless they choose structures with higher expenses, a potential setback to property buyers led by Blackstone Group LP.
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SLM Corp., the student lender known as Sallie Mae, reported a fourth-quarter profit of $348 million as originations climbed.
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Sales of structured notes in the U.S. dropped about 78 percent during the final week of the year as the possibility of Congress failing to agree on a budget deal constrained issuance.
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A gauge of U.S. corporate credit risk fell as the deadline for an agreement to avert the so- called fiscal cliff approached.
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A gauge of U.S. corporate credit risk fell the most in more than a month as President Barack Obama said an agreement to avert the so-called fiscal cliff appeared to be “within sight.”
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A gauge of U.S. corporate credit risk fell as Senate Majority Leader Harry Reid said talks were progressing for a deal to avoid the so-called fiscal cliff.
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