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
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 US$2 billion of perpetual preferred securities that can be called after five years with a coupon of 5.375 per cent, according to data compiled by Bloomberg.
