Bloomberg Business

Dimon Jabs at Trump on Debt Ceiling, Says JPMorgan Has War Room

JPMorgan Chase & Co.’s Jamie Dimon took a jab at Donald Trump for encouraging Republican lawmakers to dig in over raising the debt limit even if it means default — an outcome his bank is prepping for by convening a weekly war room.

Citi Sees Companies Racing to Raise Cash as Debt Ceiling Nears

A surge in stock offerings could be coming to a market that badly needs it as Corporate America hustles to raise cash while the banking crisis appears to be somewhat under control and before the US debt ceiling deadline hits as soon as early June.

Saudi Aramco to Postpone Mega IPO of Energy Trading Unit

Saudi Aramco is pushing back a planned Riyadh initial public offering of its energy-trading business, a deal that would have ranked as one of the world’s largest share sales this year, people with knowledge of the matter said.

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