32 days ago • Posted by William Ramstein

JPMorgan Chase sells a record $13 billion in bonds

The bank decided to take advantage of some of the cheapest borrowing costs in years to boost its capital after the Federal Reserve let pandemic relief measures lapse. Including today’s sale, JPMorgan has raised $22 billion in the U.S. dollar investment-grade bond market this year, more than any other major U.S. bank.

Source: Yahoo