Barclays 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
Read moreOn Dow Jones Investment Banker Today: Renewables Consolidation, Warrants
12th Jul 2010 17:39
LONDON (Dow Jones Investment Banker)--The following columns have been published exclusively on Dow Jones Investment Banker in recent days. Many Dow Jones Investment Banker columns contain spreadsheets, video, PDFs and other supporting material. To arrange access to the best of Dow Jones news and opi
Read moreLondon close: BP rally lifts Footsie
12th Jul 2010 16:38
BP was in the driving seat, helping Footsie to good gains as the oil giant's shares rallied on the back of bid talk and hopes that the beginning of the end of the Gulf of Mexico oil leak is in sight. BP said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago
Read moreFiduciary Trust Hires Two Executives in New York
12th Jul 2010 15:59
By Thomas Coyle Of DOW JONES NEWSWIRES Wealth-management firm Fiduciary Trust Company International has hired Mary Davey as a senior relationship manager and Lisa Marcus as a business-development officer in its New York office. Davey, a wealth manager for 25 years, comes to Fiduciary Trus
Read moreLondon afternoon: Resource stocks hog the action
12th Jul 2010 14:24
Footsie kicked on over the lunch time session despite mining stocks continuing to be a drag on the index. Expectations of a firm start on Wall Street boosted sentiment while speculative buying has seen BP add to the morning's gains. BP said the cost of the clean-up in the Gulf of Mexico has risen t
Read moreMARKET TALK: KBW Tips BNP Paribas,Intesa Sanpaolo and Barclays
12th Jul 2010 12:05
1105 GMT [Dow Jones] Keefe, Bruyette & Woods picks BNP Paribas (BNP.FR), Intesa Sanpaolo (ISP.MI) and Barclays (BCS) as key bank stocks ahead of EU stress-test results for European banks. "We are hopeful that the stress tests will include sufficient data and disclosure to allow the market to calcula
Read moreLondon midday: BP a bright spot in lacklustre Footsie
12th Jul 2010 12:01
Shares in BP have jumped on takeover talk and hopes that it is making progress as it caps the oil leak in the Gulf of Mexico, but Footsie is little changed overall. BP said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago and $2.65bn at the end of June, alt
Read moreSpain's Inaer Aviation Plans EUR470 Mln 7-Year High-Yield Bond
12th Jul 2010 10:06
LONDON (Dow Jones)--Spain-based helicopter services company Inaer Aviation Group is planning a EUR470 million, seven-year high-yield bond, one of the banks working on the deal said Monday. JP Morgan Chase & Co., Barclays PLC, BNP Paribas SA, private equity firm Kohlberg Kravis Roberts & Co. and
Read moreLondon open: A struggle after bright start
12th Jul 2010 08:45
London is struggling to hold onto its bright start despite a good morning for shares in beleaguered oil giant BP. BP said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago and $2.65bn at the end of June, although some say that figure could eventually hit $70
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