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Investors aren’t sure
Is wading back into risky securities sensible when rates remain elevated?
Wall St’s biggest lenders generate interest income for final quarter of 2022 of almost $60bn
Investment banking could bear the brunt of the pain because of slowdowns in dealmaking
An axes of evil compendium
Investors nibble on debt of companies less exposed to economic slowdown but avoid riskier groups
Investors balk at loan and bond to fund Apollo buyout of car parts maker as hung deals pile up
Pain now, pivot later
Increase in net interest income helps offset investment banking weakness and bad loan provisions
Wall Street will signal its concerns about the US economy in Q3 earnings this week
“UST breakdown is a growing risk” — have a great weekend
Deep discounts to offload bonds and loans in software maker’s LBO cost banks $600mn
Heads of BofA, Citi and JPMorgan say they will follow Washington’s orders in the event of conflict
Low demand for bonds and loans is Wall Street ‘canary’ as inflation risks rock capital markets
Leveraged lending risks are spelling themselves out but it remains an attractive business
Cost of servicing debt tops rental income for first time since 2007 as creditworthiness deteriorates
Larry Summers has a more aggressive view of how much power workers need to lose before officials can put a lid on inflation
Barclays and BofA take losses in shifting debt backing the takeover of Worldline’s terminals business
Second-largest US bank by assets reports 32% drop in net income
JPMorgan, Bank of America and Citigroup tier-one ratios to rise about 1 percentage point
Federal Reserve will publish results of annual stress tests on 34 financial institutions this week
Financiers use meteorological metaphors to make sense of economic uncertainty
Hedge fund run by Blackpool FC owner is a ‘priority customer’ in Asia
The climbdown has been surprisingly low drama
US lender projects 20% rise in net interest income in second quarter
International Edition