Lazard has appointed Raymond McGuire and Tim Donahue as co-heads of financial advisory for North America in addition to their current respective roles as president of the firm and global head of capital solutions.

Senior US bank executives are hopeful the end of the year should see a strong flurry of investment banking activity. So far in December, a bid battle has broken out for film studio Warner Bros between Netflix and Paramount, the biggest deal announced in 2025.

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.

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%.

Blackstone is preparing to pay itself a US$231m dividend as part of a jumbo commercial mortgage bond sale backed by one of the private equity firm’s retail and entertainment complexes on the Las Vegas Strip.

Landmark Dividend is returning to the ABS market with its first ever cell tower securitization, adding to a growing list of deals backed by the real-estate management company's diverse portfolio of assets.

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. 

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. 

CoreWeave made an incredibly bullish statement by spending a lot of the money raised from the sale of a US$2.25bn convertible bond on an equity derivative to offset stock dilution to a super high share price.

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.

Competing bids to acquire Warner Bros Discovery – in whole or in part – backed by mammoth bridge loan financings are setting the stage for a quick start to 2026. They further signal a positive shift in market sentiment since economic volatility earlier in the year stilled confidence. 

Italian tech conglomerate Bending Spoons has hit the market with a US$1.3bn-equivalent dual-currency term loan B to finance the acquisitions of AOL, Vimeo and Eventbrite.

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.