Banking

Bloomberg JPMorgan Chase & Co.’s head of global banking, Carlos Hernandez, said companies are only just beginning to “test out the limits of what is possible” for new stock sales and deals, driven by the strength of the world economy. “If economic fundamentals continue as they are now, next year the price of equities will continue to increase, the size ...

Bloomberg A US regulator agreed to let Barclays Plc pay $105 million to resolve claims that the bank manipulated western US electricity markets, avoiding a trial over a proposed record penalty more than four times as high. The deal ends a court battle over a $470 million fine by the Federal Energy Regulatory Commission tied to an alleged scheme in ...

Bloomberg British pay packets are starting to pick up as the availability of workers declines, according to a network of businesses across the country monitored by the Bank of England. Pay growth has edged up recently and is expected to be somewhat higher in 2018 than this year, the BOE said in its Agents’ Summary. Settlements next year will likely ...

Bloomberg Credit Agricole SA’s slump in third-quarter trading revenue rivaled that of Societe Generale SA as the French lender paid for its focus on bond markets. Sales from trading fell 28 percent to 462 million euros ($535 million), Credit Agricole, based in a Paris suburb, said in a statement on Wednesday. It posted one of the weakest trading quarters of ...

ABU DHABI / Reuters JPMorgan is in early talks with Saudi Arabian companies about overseas listings, its investment bank chief said, raising the possibility that more firms could join oil giant Saudi Aramco in seeking an international flotation. JPMorgan is among the banks advising Aramco on an international public offering (IPO), sources have told Reuters. Aramco’s listing is part of ...

Bloomberg As John Cryan mulls steps to restore growth at Deutsche Bank AG, he’s counting on US companies’ appetite for ever more debt to help lead the charge. The Frankfurt-based lender added 24 managing directors and directors at its US corporate finance business this year, a record hiring pace, according to Mark Fedorcik, co-head of Deutsche Bank’s global capital markets ...

Bloomberg Australia’s major banks will sell fewer local currency bonds next year as property lending cools in one of the world’s most heated real estate markets. That’s the view of BlackRock Inc.’s head of fixed income in Australia Craig Vardy. The forecast concerning the lenders — some of the biggest corporate note issuers Down Under — comes as restrictions take ...

Bloomberg Nykredit Realkredit A/S is abandoning plans for an initial public offering, pulling what could have been the biggest listing of a Nordic bank in more than two decades. Denmark’s largest mortgage lender, which dominates the country’s $480 billion covered-bond market and provides home loans to about 40 percent of households, said an offer from a group of private Danish ...

Bloomberg Credit Suisse Group AG Chief Executive Officer Tidjane Thiam said last week that bitcoin speculation is the “very definition of a bubble.” Even so, he can’t avoid it or the technology behind it. A Credit Suisse conference on digital money and blockchain last month in New York was “epic,” said Lou Kerner, a former equity analyst at Goldman Sachs ...

Bloomberg Societe Generale SA added to concerns about excessive bitcoin speculation, with the bank’s deputy head following Credit Suisse Group AG’s top executive in saying that it’s a bubble. “Bitcoin today is in my view very clearly in a bubble,” Severin Cabannes said in a Bloomberg Television interview. His comments came a day after Credit Suisse CEO Tidjane Thiam said ...