Time Warner opts for European banks

Three European banks have won lead arranger roles on a $5bn (€3.9bn) bond for Time Warner, the media group, leaving just one US bank among the underwriters.

Barclays Capital, BNP Paribas and Royal Bank of Scotland's Greenwich Capital unit are arranging the four part bond, alongside Banc of America Securities.

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions