finance

A deal would have created an independent investment bank with an equity value of more than $6bn

Creditors to Unsere Grüne Glasfaser have picked Lazard Inc to advise them in talks over the troubled fiber operator’s debt load.

Bank of America fined $1.2 billion by US government for failing to police suspicious activity Reuters

NOTA Inc. is planning an initial public offering in Tokyo as soon as December, according to people familiar with the matter, setting up what could be one of the larger deals in a down year for Japanese debuts.

Goldman CEO David Solomon said IPO and capital-markets activity remained healthy, while JPMorgan's Jamie Dimon said the bank is tightening some credit terms, as top Wall Street banks reported earnings that failed to impress investors. (Source: Bloomberg)

London Stock Exchange in talks to buy credit platform Octus

The global bond rout is giving fixed-income investors a rare chance to lock in Asian junk bond-like payouts without the credit risk of such debt, according to KKR & Co.

In a sovereign-debt crisis, even understanding politics may not be enough

The artificial-intelligence boom is wobbling even if the bosses of big US banks don’t see it. Chipmakers’ stock prices have dropped in recent days, and there were signs of a hiccup in the third-quarter earnings of Goldman Sachs Group Inc., JPMorgan Chase & Co. and others on Tuesday.

Hong Kong’s securities watchdog is investigating a suspected case of rigging an initial public offering to create a false impression of demand.