Morgan Stanley and JPMorgan Chase lead the bank lending frenzy, reaching a scale of $16.5 billion
Morgan Stanley and its competitor JPMorgan Chase raised a total of $14 billion in the U.S. investment-grade bond market on Monday, becoming the first banks among the six major Wall Street banks to enter the primary bond market after announcing their first-quarter financial results. According to informed sources, Morgan Stanley will issue four bonds totaling $8 billion, while JPMorgan Chase will issue $6 billion in two parts. Both companies abandoned the six-year floating rate portion during the marketing process
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