Andy O'Brien News
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Jim Casey, co-head of global debt capital markets at JPMorgan Chase & Co., says 2012 was so spectacular that it deserves a moniker: the Year of Refinancing.
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JPMorgan Chase & Co. is tightening its grip on the global corporate bond market, taking share from Citigroup Inc. and Bank of America Corp. and topping all underwriters as companies sold a record $1.17 trillion of debt.
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JPMorgan Chase & Co., the biggest U.S. bank, separated responsibility for its capital markets business into two groups, naming new heads for equity and debt.
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Low interest rates proved mightier than concern about Europe’s precarious economics in 2011. The opportunity to refinance debt at low rates drove $2.9 trillion in corporate bond sales, the second-highest total on record, after 2009’s $3.2 trillion.
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Low interest rates proved mightier than concern about Europe’s precarious economics in 2011. The opportunity to refinance debt at low rates drove $2.9 trillion in corporate bond sales, the second-highest total on record, after 2009’s $3.2 trillion.
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For investment bankers, 2011 started with a shout and ended with a whimper -- causing fees to shoot up in the first half, then fizzle at year’s end.
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Banks are boosting leveraged-loan sales to institutional investors by 55 percent even as borrowing costs rise by the most in more than a year.
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JPMorgan Chase & Co. named Gerry Murray to run its North America leveraged-finance business, which includes capital markets, restructuring and origination of high-yield bonds and leveraged loans
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JPMorgan Chase & Co. extended its market-share lead over Goldman Sachs Group Inc. in mergers advice after AT&T Inc. beat out Sprint Nextel Corp. to buy Deutsche Telekom AG’s U.S. wireless unit for $39 billion.
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