Kathleen Shanley News
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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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International Lease Finance Corp.’s debt reductions and maturity extensions are failing to convince investors the plane-leasing unit of American International Group Inc. should stand on its own in a worsening global economy.
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General Electric Co. is refinancing $5 billion of debt even as it expects to generate $100 billion of cash in the next four years, showing confidence in its ability to invest at returns four times its borrowing costs.
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Less than three years after CIT Group Inc. completed its bankruptcy reorganization, Chief Executive Officer John Thain is persuading investors that its debt is as creditworthy as an investment-grade firm.
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American International Group Inc.’s plane-leasing unit offered a higher yield than similarly rated companies on its first bonds since May as it seeks to pay back debt and finance aircraft purchases.
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Credit-default swaps on debt issued by H&R Block Inc. fell for the first time in almost two weeks as investors wagered the “panic” over soured mortgages may be overdone.
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The world’s biggest banks are offering loans to help them win places on companies’ bond deals as a 39 percent drop in sales this year, the most since at least 1998, shrinks fees.
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Bank of America Corp . and Wells Fargo are pushing their customers to buy more brokerage, savings and banking services from them as the weak economy and new regulations make it harder to earn money from loans and investment banking.
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Ally Financial Inc. , the lender formerly known as GMAC Inc., reported its second straight quarterly profit as automobile and mortgage units made money and pressure from bad loans eased.
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American General Finance Inc. debt has lost at least $792 million since Fortress Investment Group LLC agreed to buy the lender last week, punishing bondholders from Loomis Sayles & Co. to Pacific Investment Management Co.
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