JPMorgan Chase & Co. and Bank of America Corp. had perfect trading records in the first quarter, making money every day of the period as Morgan Stanley posted losses in eight sessions and Goldman Sachs Group Inc. in two.
MBIA Inc. is no longer considered by credit-derivatives traders to be in distress after Bank of America Corp. agreed to a legal settlement that injects $1.6 billion of cash into the bond insurer and resolves five years of litigation stemming from the U.S. housing crisis.
Goldman Sachs Group Inc., Citigroup Inc. and 10 other banks have restrained market competition for credit default swaps in violation of U.S. antitrust law, an Ohio union pension plan contends in a federal court complaint.
BlueMountain Capital Management LLC, the $13.6 billion hedge-fund firm led by Andrew Feldstein, is targeting Lexmark International Inc. for its biggest equity wager as the printer maker bolsters its creditworthiness.
Chenavari Credit Partners LLP is raising as much as $1 billion for its European direct lending funds as banks cut loans to small and medium-sized companies and real estate developers, according to two people with knowledge of the matter.