Depository Trust & Clearing Corp. publishes top corporate CDS trade volumes for wk through March 28 on its website. * Bank of America - 178 contracts covering gross $2.1b of debt * JPMorgan - 145 contracts covering gross $2b * Morgan Stanley - 160 contracts covering gross $1.6b * Intesa - 161 contracts covering gross $1.4b * GE Capital - 193 contracts covering gross $1.4b * DTCC website: http://www.dtcc.com/market- data/section-4/section-iva.aspx
Companies with investments in Russia -- such as General Electric Co. and Boeing Co. -- are growing concerned as the U.S. prepares to impose tougher sanctions over the crisis in Crimea that may spur retribution against corporate interests.
General Electric Co. filed for an initial public offering of its North American consumer lending unit as part of Chief Executive Officer Jeffrey Immelt’s effort to reduce credit risks and focus on industrial businesses.
General Electric Co. plans to seek as much as $3.5 billion in the initial public offering of its North American consumer-lending business, now called Synchrony Financial, people with knowledge of the matter said.
RadioShack Corp., the electronics retailer trying to shake its reputation as a relic, tumbled the most in more than four months after sales missed estimates and the chain announced plans to close about a fifth of its stores.
General Electric Co.’s finance arm is pulling away from the biggest U.S. banks in the eyes of credit traders, signaling an end to more than three years of repression for declining profits during the financial crisis.