London afternoon: Footsie on fire
8th Jul 2010 14:13
Bullish banks and rising commodity prices have sparked a fresh rally, taking this week's recovery near to 300 points and the leading index to its highest in nine days. Growing optimism about the European bank stress tests and yesterday's forecast upgrade by American peer State Street had buyers all
Read moreLondon midday: Banks buoyed by IMF report
8th Jul 2010 12:03
Leading shares resumed their upward trek late in the morning session, with banks leading the advance ahead of the announcement of the Bank of England's rate decision announcement. The Bank kept interest rates unchanged at 0.5%, as expected Buyers have been chasing bank prices higher after the Inter
Read moreMARKET TALK: EU Banks Sentiment Seen Upbeat Ahead Of Tests
8th Jul 2010 10:34
0934 GMT [Dow Jones] Market sentiment toward the European banking sector is likely to continue to be supported in the run-up to the July 23 publication of the results of stress tests, as banks will obviously been keen to leak early if they know they have passed, says TD Securities strategist Richard
Read moreEuropean Banks Facing Stress Tests Named
8th Jul 2010 10:27
LONDON (Dow Jones)--The Committee of European Banking Supervisors has released the list of 91 European Union banks subject to stress tests. Results of the tests, both in aggregate and on a bank-by-bank basis, will be released July 23. The banks are: Erste Group Bank AG (EBS.VI) Raiff
Read moreEU to stress test 91 banks
8th Jul 2010 10:05
All four of the UK's big banks are on a list to be 'stress-tested' by the European Union to measure their ability to withstand another major financial shock in future. HSBC, Royal Bank of Scotland, Lloyds and Barclays are among 91 banks selected by the EU to face scrutiny, a much greater number tha
Read moreEuropean Banks Higher After CEBS Details Stress Tests
8th Jul 2010 09:12
By Maarten van Tartwijk Of DOW JONES NEWSWIRES AMSTERDAM (Dow Jones)--European banking shares opened higher Thursday after Europe's banking regulator gave the first details of stress tests that will examine how the sector would stand up to a renewed financial crisis. The tests will look
Read moreMARKET TALK: UK Banks Up On Stress-Test Assurance, US Bank News
8th Jul 2010 08:58
0758 GMT [Dow Jones] Expectations that a stress test on U.K. banks will show positive results, added to good banking earnings news from the U.S., are lifting banks, analysts say. "The (test) results may turn market sentiment around by increasing the visibility for the EU banking sector, where uncert
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
8th Jul 2010 08:58
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] 0758 GMT [Dow Jones] Expectations that a stress test on U.K. banks will show positive results, added to good banking earni
Read moreLondon open: Banks and miners lead advance
8th Jul 2010 08:17
London's top stocks got off to a flying start, up around 1% in early dealings, with banks and miners leading the way. Royal Bank of Scotland and Barclays have both added more than 4%, closely followed by Lloyds Banking, up just under 4%. Among the miners, Antofagasta, Xstrata and Kazakhmys are in d
Read moreCORRECT(7/7): Credit Suisse Hires New Head Of Asia Loan Syndication From Barclays
8th Jul 2010 06:59
("Credit Suisse Hires New Head Of Asia Loan Syndication From Barclays," at 1005 GMT Wednesday, misstated the company that Khattar left in the second paragraph. The correct version follows:) HONG KONG (Dow Jones)--Credit Suisse Group (CS) said Wednesday it hired Justin Crane, the former head of
Read moreOPTIONS REPORT: Bulls Charge Airlines, Financials
7th Jul 2010 20:30
By Brendan Conway Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Strong airline traffic figures and a rosy forecast from State Street Corp. appeared to send bullish options traders running for contracts on airlines and several financial companies, mirroring Wednesday's optimistic trading in st
Read moreUPDATE: Bank Watchdog Lays Out Key Features Of EU Stress Tests
7th Jul 2010 20:09
By Carolyn Henson Of DOW JONES NEWSWIRES BRUSSELS (Dow Jones)--Europe's banking supervisor late Wednesday named the 91 banks that it will test for resilience to further market and credit risks and laid out the key features included in the tests. The Committee of European Banking Supervis
Read moreEU Watchdog Names Banks, Main Criteria For Bank Stress Tests
7th Jul 2010 19:19
BRUSSELS (Dow Jones)--Europe's banking supervisor late Wednesday named the 91 banks that it will test for resilience to further market and credit risks and laid out the key features included in the tests. The Committee of European Banking Supervisors said banks being tested represent 65% of the
Read moreEU Regulators Still Finalizing Bank Stress Test Text-Sources
7th Jul 2010 17:37
BRUSSELS (Dow Jones)--European banking regulators are still finalizing the wording of a planned communication detailing the names of banks undergoing stress tests and the scope of those tests, a person familiar with the matter said Wednesday. The details are now more likely to be released Thursd
Read moreFCE Bank Prices EUR400M 2013 Bond At 99.673, To Yield 7.375%
7th Jul 2010 17:35
LONDON (Dow Jones)--FCE Bank PLC, a unit of Ford Motor Co.(F), has priced its EUR400 million, 2013 bond through joint bookrunners Credit Agricole SA, Barclays Capital, Deutsche Bank AG and Morgan Stanley, one of the banks said Wednesday. The size of the bond was increased from the initial size o
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