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WASHINGTON (Reuters) -Record-breaking Wall Street bank bond offerings in recent days are being driven by a combination of extraordinary market conditions and regulatory decisions that can be traced to the government’s pandemic relief efforts, said analysts.
FILE PHOTO: Traders look on as a screen shows Federal Reserve Chairman Jerome Powell s news conference after the U.S. Federal Reserve interest rates announcement on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 31, 2019. REUTERS/Brendan McDermid
JPMorgan Chase, Bank of America, Goldman Sachs and Morgan Stanley have or are planning to issue a total of $40 billion in debt, according to media reports. JPMorgan’s $13 billion April 15 bond sale was briefly an industry record until it was topped the next day by Bank of America’s $15 billion offering.
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