Section
Banking
Wall Street banks plan final push to ease capital charges before November vote
Bank Policy Institute and Financial Services Forum push Fed, OCC and FDIC for two more concessions on the G-SIB surcharge and undrawn credit-line capital, hoping to lock in further Basel III endgame relief before November midterms.
Mastercard ties up with Yellow Card to push stablecoin rails across EEMEA, opens with five-country pilot
Mastercard signed a partnership on Wednesday with African crypto-payments operator Yellow Card to roll out dollar-stablecoin payment infrastructure across Eastern Europe, the Middle East and Africa, with pilots in Ghana, Kenya, Nigeria, South Africa and the UAE.
Eli Lilly prices $9bn eight-tranche bond, biggest-ever sale to fund $13bn M&A push
Eli Lilly priced $9bn of investment-grade bonds across eight tranches on Wednesday, its largest-ever debt sale, to fund the Centessa and Kelonia acquisitions. The 40-year tranche tightened 33 basis points from initial price talk to 80bp over Treasuries.
