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.

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.

Hans-Joerg Rudloff, widely regarded as a titan of the bond market and a man who for half a century shaped global finance and several institutions around his vision, died on December 1 aged 85.

With blackout season concluding in Canada , some issuers are wasting no time in kick-starting their 2026 funding while the primary market remains open for euro trades, as was the case with National Bank of Canada, which attracted solid demand on Monday with a tightly priced €500m three-year non-call two senior bail-in-able floating-rate note. 

Better prospects await supranational agencies in 2026, according to Fitch, thanks to less US policy uncertainty compared to earlier this year and the faded likelihood that the Trump administration will exit multilateral developments banks.

A Hong Kong court has sanctioned Country Garden Holdings‘ offshore debt restructuring, which will see the property developer cut its debt by US$11bn. 

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. 

Medline publicly launched marketing of its US$5.4bn Nasdaq IPO Monday evening with about half of the deal for spoken for.

Shenzhen-listed Suzhou TFC Optical Communication is planning a Hong Kong listing which people with knowledge of the matter said could raise at least US$1bn. 

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.

Shares in Teraview Holdings opened up 50% at W12,000 on their trading debut on Tuesday, following the UK-based precision inspection equipment and technology company's W40bn (US$27.2m) KRX 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.

European companies are hacking away at a looming wall of 2028 maturities, taking on a mammoth task to help borrowers refinance before conditions turn.