Wall Street s Biggest Banks Are Set to Stampede US Bond Market bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
From Bloomberg: Beleaguered U.S. regional banks are assessing whether bond sales to replace lost deposits are worth the cost, as credit investors weigh whether they're worth the risk. The arrival of quarterly bank earnings reports on Friday, April 14, spurred speculation on which financial institutions will brave an unpredictable bond market.
Bank of America, the biggest corporate issuer of bonds tied to environmental, social and governance financing in the U.S., returned to the ethical debt market for the first time this year as Wall Street giants dial back issuance amid skyrocketing borrowing costs.