British American Tobacco and its bankers dove swiftly into the debt markets to raise a combined total of nearly €850m ($758m) from a sterling- and euro-denominated bond deal that catered to investors' demand for defensive sectors.

BAT, which issued debt via its wholly owned subsidiary Imperial Tobacco Canada, raised €500m of euro-denominated debt maturing in five years and £217m of sterling with a life of seven years.

BAT debt issue gives investors defensive play

Miles Gregory-Costello

British American Tobacco

Morgan Stanley

BNP Paribas

Moody's

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Top executives at JPMorgan Chase traveled through states including Mississippi and Alabama, where the bank is expanding its reach.

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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A weekly call turned into a celebration of heroes as staffers comfort one another through lingering trauma.

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