(Bloomberg) A handful of borrowers, including Wells Fargo & Co., are looking to raise fresh debt in the US investment-grade bond market, signaling that issuers are undaunted after Fitch Ratings stripped the nation of its top-tier rating on Tuesday.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Drops 1% After Rally as Bond Yields Climb: Markets WrapPoland Sends Troops to Belarus Border
Wall Street s biggest banks are preparing for new regulations that could erase almost all of the $118 billion in excess capital they squirreled away over the past decade, likely crimping shareholder buybacks for years to come.
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