Cambridge Place Sues Major Banks Over $1.2B Subprime Losses
13th Jul 2010 15:39
By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Cambridge Place Investment Management, the London- and Massachusetts-based hedge fund group that lost billions of dollars of assets from the financial crisis, is suing dozens of investment banks and brokers for the alleged missell
Read moreFinancial News: Tax Shadow Of EUR90B Hangs Over Europe's Banks
13th Jul 2010 15:09
By Liam Vaughan Of FINANCIAL NEWS European banks could be forced to take billions of pounds in writedowns over the next five years because of overly-optimistic calculations on future profitability contained within their accounts. According to research from KPMG published Tuesday, the 15
Read more2nd UPDATE: Nationwide Plans 10Y Euro LT2 Bond At Swaps +4.00
13th Jul 2010 13:59
(Adds background) By Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. lender, Nationwide Building Society (NANW.LN), plans to issue a 10-year, euro-denominated, lower tier-2 bond, and has set guidance at 400 basis points over mid-swaps, a bank running the sale said Tuesday.
Read moreThames Water Prices GBP550M Of Class B Bonds At Gilts +2.85
13th Jul 2010 13:39
LONDON (Dow Jones)--Thames Water Utilities Cayman Finance Limited has priced GBP550 million of class B, subordinated, secured bonds via lead managers Barclays Capital PLC, Deutsche Bank AG, HSBC Holdings PLC and Morgan Stanley, one of the banks leading the deal said Tuesday. Terms are as follows
Read moreUPDATE: Nationwide Plans 10-Year Euro LT2 Bond At Swaps +4.00
13th Jul 2010 12:42
(Adds details, background) By Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. lender, Nationwide Building Society (NANW.LN), plans to issue a 10-year, euro-denominated, lower tier-2 bond, and has set guidance at 400 basis points over mid-swaps, a bank running the sale said Tue
Read moreThames Water To Price 7Y Class B Sterling Bond At Gilts +2.85
13th Jul 2010 11:58
LONDON (Dow Jones)--Thames Water Utilities Cayman Finance Ltd. plans to sell a seven-year class B sterling bond at 285 basis points over gilts, one of the banks leading the deal said Tuesday. Barclays Capital PLC, Deutsche Bank AG, HSBC Holdings PLC and Morgan Stanley are leading the deal, which
Read moreNationwide Plans 10-Year Euro LT2 Bond At Swaps +4.00
13th Jul 2010 11:36
LONDON (Dow Jones)--U.K. lender Nationwide Building Society (NANW.LN) is planning to issue a 10-year, euro-denominated, lower tier-2 bond, and has set guidance at 400 basis points over mid-swaps, one of the banks running the sale said Tuesday. Barclays PLC, Deutsche Bank AG, and JP Morgan Chase
Read moreUPDATE: Barclays Wealth Adds 6 Bankers To Southeast, South Asia Teams
13th Jul 2010 11:33
(Adds comment from Asia Pacific CEO.) By Sam Holmes Of DOW JONES NEWSWIRES SINGAPORE (Dow Jones)--Barclays Wealth, the wealth management unit of Barclays PLC (BARC.LN), said Tuesday that it has added six senior bankers to its southeast and south Asian teams based in Singapore. Soh
Read moreBarclays Shared Services Appoints New Chief Executive
13th Jul 2010 10:50
MUMBAI (Dow Jones)--Barclays Shared Services, the back office services unit of Barclays Bank PLC (BARC.LN), Tuesday said it has appointed Sameer Chadha as its chief executive. Chadha was chief operating officer at Barclays Shared Services and replaces Paul Riley, who moves to another role within
Read moreAbsa Capital NewGold ETF Lists In Botswana - I-Net
13th Jul 2010 10:29
JOHANNESBURG (I-Net Bridge)--Absa Capital, the investment banking division of Absa Bank Ltd. (ABSP.JO), listed its NewGold exchange traded fund on the Botswana Stock Exchange Tuesday as part of its strategy to expand its suite of products and services in sub-Saharan Africa. Tuesday morning, 1.6
Read moreMARKET TALK: Societe Generale Cuts Barclays Price Target
13th Jul 2010 09:15
0815 GMT [Dow Jones] Societe Generale cuts Barclays (BARC.LN) price target to 395p from 481p. Says at its recent investor meeting, the chief financial officer pointed to a weaker 2Q for BarCap than 1Q, offset by a gain in own debt due to spread widening in 2Q. Says group impairment guidance is maint
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
13th Jul 2010 09:15
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0815 GMT [Dow Jones] Societe Generale cuts Barclays (BARC.LN) price target to 395p from 481p. Says at its recent investor
Read moreBarclays Wealth Adds 6 Bankers To Southeast, South Asia Teams
13th Jul 2010 03:47
SINGAPORE (Dow Jones)--Barclays Wealth, the wealth management unit of Barclays PLC (BARC.LN), Tuesday said it has added six senior bankers to its southeast and south Asian teams based in Singapore. Soh Chye Guan, previously HSBC Private Bank Head of Senior Client Partner Team in Singapore, joins
Read moreHEARD ON THE STREET: Barclays Capped By Regulatory Risk
12th Jul 2010 22:31
By Simon Nixon A DOW JONES COLUMN Barclays shares enjoyed a much-needed boost last week from speculation the U.K. bank was mulling a spin-off for Barclays Capital--something that would create significant value, according to a Mediobanca research report. Barclays was quick to dismiss the
Read moreBank Bonds Offer Value As Financial Rules' Volatility Lessens
12th Jul 2010 19:06
By Chris Dieterich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Prices for bonds issued by U.S. banks and other financial institutions are poised to rise despite the fact that the U.S. Senate could pass landmark financial-overhaul legislation as soon as this week, investors and analysts said
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