Washington —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.
JPMorgan Chase, Bank of America, Goldman Sachs and Morgan Stanley have or are planning to issue a total of $40bn in debt, according to media reports. JPMorgan’s $13bn April 15 bond sale was briefly an industry record until it was topped the next day by Bank of America’s $15bn offering...
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