JP Morgan looks set to be the big banking winner from the emerging bidding war for Warner Bros Discovery, advising on the potential sale of its film studio and streaming assets alongside media boutique Allen & Co and independent investment bank Evercore.

Hong Kong's stock exchange operator and securities regulator have issued a joint letter asking the sponsors of new equity listings to keep up the quality of listing applications, as the city experiences a boom in initial public offerings.

Until recently, the idea of Meta Platforms going bust seemed so fanciful that no real market existed for traders to exchange bets on such an outcome.

Todd Combs, one of the world's major investors, is leaving Warren Buffett's investment firm Berkshire Hathaway to join JP Morgan to run its US$10bn strategic investment group, part of the firm's new security and resiliency initiative.

Belgian insurer Ageas showed that demand for capital remains high even as the year-end nears, bringing a highly sought-after €450m perpetual non-call nine-year Restricted Tier 1 on Tuesday. The deal quickly followed the announcement of a two-leg M&A transaction with BNP Paribas. 

The European Bank for Reconstruction and Development took advantage of pent-up demand for sterling paper to issue a chunky trade in the currency on Tuesday.

China Hainan Rubber Industry Group has pulled a US dollar subordinated perpetual non-call three sustainable bond issue after announcing final price guidance at 6.1%.

A US$271.5m bond backed by student housing revenues will test investor demand for the rare property type, which has been challenged by rising delinquencies.

About US$350bn of US CLOs may be refinanced or reset next year as investors take advantage of tightening spreads across the capital structure to improve returns to investors in the most junior portion of the funds. 

German renewables platform Enpal priced its second solar ABS, a €303m transaction that marks a milestone for Europe’s capital markets by bringing heat pump receivables into the public securitisation arena for the first time.

Melbourne-based nonbank lender BC Invest expanded the Australian CMBS issuer base on Friday with the A$600m (US$396m) BC Invest Voyager CMBS Trust 2025-1.

LondonMetric Property landed a successful debut deal in the sterling market on Wednesday through a £500m dual-tranche green bond offering.

Volkswagen Bank demonstrated the depth of liquidity in the euro investment-grade market even at this late stage of the year, pulling in more than €9bn of peak orders for its €2.5bn triple-tranche senior preferred green bond transaction on Wednesday.

The Partnership for Carbon Accounting Financials has released an updated standard with new methodologies and clearer guidance that will make it easier for banks and other financial institutions to track emissions across more financial products. 

EquipmentShare.com publicly filed documents Tuesday morning for a Nasdaq IPO that would provide it money for continued expansion as well as allow existing backers to cash out.

ITT wasted no time putting the equity in place to fund its US$4.775bn cash-and-stock purchase of SPX Flow, a purchase that broadens its business beyond a core focus on the automotive industry.

Shares in Indian e-commerce company Meesho debuted 46% higher on Wednesday after a Rs54bn (US$607m) IPO. 

Netflix is backing its planned US$82.7bn acquisition of Warner Bros Discovery's TV and film studios and streaming division with a US$59bn bridge loan, viewed by the banking community as a signal that more large M&A deals will make their way to debt capital markets in 2026.

US senators Elizabeth Warren of Massachusetts and Jack Reed of Rhode Island have called for the private credit market to undergo a stress test, concerned that the increase in bank lending to private credit firms could amplify credit risks should those portfolios experience turmoil.

Defense equipment maker Fairbanks Morse Defense has set a call for a US$260m new fungible incremental first-lien term loan to fund its acquisition of IMI Plc’s Truflo Marine business.