Global banks lead dollar funding blitz

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By David Rothnie
22 Jan 2021

Four US global banking titans roared out of earnings blackout to raise more than $20bn of debt this week, issuing deals either side of president Joe Biden’s inauguration.

Wall Street’s global systemically important banks (G-SIBs) wasted no time in hitting the market after reporting strong earnings on the back of a surge in investment banking revenues. They were welcomed by investors with open arms. 

Wells Fargo opened the taps on Tuesday with a $3.5bn offering ...

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