You are here

Goldman, BOA sell US$7b of debt after posting profits

The sales are part of efforts to meet new capital rules following the financial crisis

TELLING MOVE: Bank of America sold US$5 billion in debt after expanding its offering to three parts from two, including US$2.5 billion of 10-year subordinated notes.

New York

GOLDMAN Sachs Group Inc and Bank of America Corp tapped capital markets Thursday after posting above-forecast profits as banks look to boost reserves to meet regulatory requirements.

Goldman Sachs, which posted its highest earnings per share in more than five years, sold

Market voices on:


Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at

Powered by GET.comGetCom