The financing for Hertz's $16.7bn (€14bn) leveraged buyout by a group of private equity firms has got off to a strong start after the car rental company reportedly reduced the yield on a $2.8bn bond following strong demand from investors.

A consortium of Clayton Dubilier & Rice, Carlyle Group and Merrill Lynch Private Equity won the auction to acquire Hertz in September with a $5.6bn bid that included $10bn of debt.

Jonathan Sibun

JP Morgan

Carlyle Group

Deutsche Bank

Goldman Sachs

Hedge fund Discovery Capital extends year-to-date returns to almost 18%

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Steve Cohen’s Point72 begins India hiring push

Milbank hires private equity M&A rising star in Germany

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

Senior GIC private equity lawyer joins Dechert in London

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US law firm hires private equity specialist from key client

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The vice president is the most high-profile recent American visitor to the Cotswolds, an idyll that locals say is being disrupted by too many Yanks.

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Tricks of the trade gain new importance as 401(k) accounts open up to alternative investments.

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Tech execs are paying tens of thousands to find brilliant dates or select high-IQ embryos. “They want to raise high-performing children.”

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

By Alexander Saeedy | Photographs by Emily Kask for WSJ 

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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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Some fear a decline in the world-leading economic statistics underpinning U.S. markets.

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The U.K. Supreme Court said a commission from a bank to a car dealer isn’t considered a bribe and dealers don’t violate rules by not disclosing this commission to customers.

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The largest U.S. crypto exchange’s revenue fell short of Wall Street expectations.

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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America’s most powerful banker and the president have met twice in the past two months to talk about the economy, interest rates and trade.

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The London-based bank said it is well on its way to achieving the target of returning at least $8 billion to shareholders over the three years ending in 2026.

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