Goldman, JPM and Wells Smash Estimates With Solid Q1

Goldman, JPM and Wells Smash Estimates With Solid Q1

JPMorgan kicked-off the US financials Q1 earnings season reporting revenues of $32.3bn, up 14% vs. the same period last year. Net income came in at $14.3bn, up 5x YoY predominantly driven by credit reserve releases of $5.2bn compared to credit reserve builds of $6.8bn...

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NMC Files Lawsuit Against DIB

NMC Files Lawsuit Against DIB

Payouts to the debt holders of UAE's largest healthcare provider, NMC could be put on hold after the company filed a lawsuit against Dubai Islamic Bank (DIB) to place securities claimed by DIB under its administrator Alvarez & Marshal (A&M). NMC's operating...

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Avianca Planning $1.8bn Debt Sale

Avianca Planning $1.8bn Debt Sale

Colombian carrier Avianca Holdings SA seeks to raise $1.8bn to repay debt and provide new financing in a move to exit from bankruptcy reorganization that the company was forced into as a result of the pandemic’s travel collapse. Seabury Securities LLC has been...

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