Stabilizing Market Sees Banks Prep Sale of Billions in Junk Debt
Lenders including Bank of America, Barclays and Goldman Sachs, among others, are looking to sell down about $37 billion of underwrites.
Lenders including Bank of America, Barclays and Goldman Sachs, among others, are looking to sell down about $37 billion of underwrites.
Fearsome stock market rally giving prognosticators fits is refusing to go away. Hedge funds distrust it, clutch of strategists say it’s doomed.
A favorite Wall Street harbinger of business-cycle downturns sent up a warning flare that a recession may be on the horizon.
Equities can continue rising even as the hawkish Federal Reserve and Treasury yield curve inversion spook investors.
UBS and Credit Suisse have made further progress in how they would stabilise and restructure themselves in a financial crisis.
China has seen investors pull money out of the country on an “unprecedented” scale since Russia invaded Ukraine in late February.
Uncharacteristic bout of bad timing, retail investors who hung tough during the selloff in January and February are now taking money off the table.