US financials return to the fray after results season
US banks made their long-awaited return to the fray after first quarter reporting season with a flurry of self-led deals. Goldman Sachs, Wells Fargo and US Bancorp broke the hiatus of benchmark issuance from the sector with deals worth a combined $4.75bn.
The likes of Goldman and JP Morgan usually waste little time in issuing debt after reporting earnings. Last year, JP Morgan tapped the market only hours after its first quarter results.
This year, things have been different. "US Banks are cashed up, having raised a lot of debt
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