The bank’s shrinking principal investment holdings still make earnings too volatile
The used-car seller will sell stock and pledge assets to back new debt.
The move by the owner of Jaguar Land Rover throws a lifeline to Britain’s industry, which has a patchy record in the global race to secure green-tech investments.
The department-store chain tackles the problem of inconsistent sizing with new private-label brand, On 34th.
The used-car dealer signed a bond swap deal to reduce its debt by $1.2 billion. Shares rose almost 30%.
The 40-year-old will take over from Timothy Geithner, who will become chairman of the private-equity firm.
The extension, until mid-October, allows the companies to continue with efforts to gain regulatory approval in the U.K.
The extension is likely a signal that the companies believe they will eventually received needed approvals.
The bank also took impairments related to real-estate investments, much of it tied to office properties.
The investment bank reported a profit half as large as its rival Morgan Stanley, to say nothing of larger lenders.