BG Energy Plans 9-Year Euro Benchmark Bond Issue
9th Jul 2010 10:18
LONDON (Dow Jones)--BG Energy Capital PLC is planning to launch a nine-year, euro-denominated, benchmark-sized bond via lead managers Barclays PLC, Banca IMI SpA and Societe Generale SA, one of the banks said Friday. The deal is expected to price today, subject to market conditions. The issu
Read moreBFCM Plans 10-Year Euro Fixed Rate Senior Benchmark Bond
9th Jul 2010 08:03
LONDON (Dow Jones)--Banque Federative du Credit Mutuel (FD-BFD) is planning to issue a 10-year, euro-denominated, benchmark fixed rate senior bond, one of the banks hired to manage the deal said Friday. Barclays PLC, Citigroup, and Deutsche Bank AG are lead managers of the issue. The deal is to
Read moreNYSE Euronext Recruits Electronic Mkt Makers To Amex Platform
8th Jul 2010 22:18
By Jacob Bunge Of DOW JONES NEWSWIRES NYSE Euronext (NYX) on Thursday moved to double the number of electronic specialist firms on its Amex options platform, as screen trading takes on a bigger role at the exchange. The company recruited five big Wall Street firms to serve as electronic m
Read moreMarket Volatility Affects Bank Lending, LBO Transactions
8th Jul 2010 18:56
By Katy Burne Of DOW JONES NEWSWIRES Reports that some banks have dropped out of the debt financing for the rumored EUR25 billion leveraged buyout of Spanish infrastructure group Abertis (ABE.MC) have underscored why widespread LBO chatter from earlier in the year has hasn't yet reached feve
Read moreIPO WATCH: Ocado, New UK Bank Investment Fund Stoke Interest
8th Jul 2010 17:02
By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Europe's market for initial public offerings was off to a slow start for the second half, as the approach of the traditional summer lull kept most potential issuers on the sidelines. Existing deals moving through the IPO proce
Read moreLondon close: Footsie powers forward
8th Jul 2010 16:59
Footsie's strong recovery continued for a third day with the blue chip index closing above 5,100 driven by buoyant financial services companies. The index is up by more than 300 points this week and to its highest in nine days. Growing optimism about the European bank stress tests and yesterday's
Read morePRESS RELEASE: Barclays Capital Appoints Senior Economists
8th Jul 2010 16:00
Michael Gapen appointed Senior US Economist Antonio Garcia Pascual appointed Chief Southern European Economist NEW YORK--(BUSINESS WIRE)--July 08, 2010-- Barclays Capital today announced two senior appointments in its award-winning research franchise. Michael Gapen joins Barclays Capital as
Read moreFTSE 100 movers: Banks move higher
8th Jul 2010 15:21
Financials are pushing Footsie higher. Growing optimism about the European bank stress tests and yesterday's forecast upgrade by American peer State Street had buyers all over Lloyds Banking, Royal Bank of Scotland and Barclays. All three banks will be stress tested by the EU. Royal Dutch Shell
Read moreLondon 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
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