US banks ready bond issuance flood after earnings

US banks are facing wider secondary market spreads as they prepare to unleash a deluge of bond issuance after reporting fourth-quarter earnings from Friday. Deals are expected to come thick and fast as banks strive to meet the Federal Reserve's 2019 deadline for Total Loss Absorbing Capacity requirements. Bank of America Merrill Lynch, JP Morgan and Wells Fargo (Swiss: WFC-USD.SW - news) could kick off proceedings as early as Friday, when they report earnings before the market opens.