Goldman Sachs

After a sharp slump in corporate finance revenues, investment banks are facing an uncertain second half of the year. If previous downturns are a guide, job cuts will be inevitable before a new market reality emerges to trigger the next wave of capital markets and M&A activity. By David Rothnie

Borrowers turn to defensive tactics after market deteriorates overnight

There are some ominous signs as the Swiss bank struggles to put its past woes behind it, writes David Rothnie

The deal was increased to $8.5bn from $8bn at the last minute due to strong demand

The $605m US term loan B is to support the Chinese firm’s buyout by Carlyle

Société Générale paid a hefty premium to access the dollar market on Wednesday as banks and other financial sector issuers continue to adapt to higher funding costs to get deals over the line.

Italian energy group will need to accept lower valuation to push forward with green transition

Government plans to float 12.5% of real estate company

Spreads for SSA dollar issuers leapt wider after EAA’s pulled trade last week

Shares in e-commerce marketing company tumble about 36% after placement

US conditions were brighter after Memorial Day holiday

Issuer cannot tighten spread during execution but prints double its minimum requirement