by Saskia Scholtes
The announcement of a $58 billion allstock merger of JPMorgan and Bank One was greeted with enthusiasm in January, as the credit markets recognized the numerous benefits wrought by the deal, not least an expected $2.2 billion of cost savings. Both banks’ bonds tightened on the news, with spreads on Bank One’s 2.625% due 2008 tightening 10bp in the week after the announcement.
For one, the move sh
The week on Risk.net, July 7-13, 2018Receive this by email