Boeing's Capital Raise Yields $300 Million for Banks

Reported 24 days ago

Boeing Co. successfully raised over $23.5 billion in capital, rewarding four major banks—Goldman Sachs, Bank of America, Citigroup, and JPMorgan Chase—up to $75 million each for their leadership roles in the deal. This capital raise, aimed at strengthening Boeing's balance sheet and avoiding a credit downgrade, comes amid a slow-down in equity market activity heading into the US election.

Boeing's Capital Raise Yields $300 Million for Banks

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