Oct
23
Wall Street’s $40 Billion AT&T Pledge Offers Fees and Risks
By-
While ‘lucrative’ for banks, regulatory uncertainty exists
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Markets can swing while regulators dwell on deal approval
Wall Street banks are writing some of their biggest checks ever to fund AT&T Inc.’stakeover of Time Warner Inc. as they seek a bonanza of fees. But there’s a dose of concern that the $40 billion loan pledge may get caught up in a regulatory impasse.
JPMorgan Chase & Co. has pledged $25 billion of the financing, with Bank of America Corp. providing the rest, according to a person with knowledge of the matter who asked not to be identified without authorization to speak publicly. That’s believed to be the most JPMorgan has ever promised for a deal, the person said…
Wall Street’s $40 Billion AT&T Pledge Offers Fees and Risks
