UK Bank Group Warns New Levy Could Make UK Less Competitive
22nd Jun 2010 13:50
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The British Bankers' Association warned Tuesday that the U.K. government's move to impose a tax on banks could make the U.K. banking sector less competitive, and said it will work with authorities to ensure the levy won't affect
Read moreMARKET TALK: Banks Rise After Bank Levy Not As Bad As Feared
22nd Jun 2010 13:43
1243 GMT [Dow Jones] The FTSE 350 banks index comes off lows and Lloyds Banking Group storms higher, as the UK Chancellor brings his budget speech to a close. A trader says the bank levy announced in the budget will raise just GBP2bn a year, not upwards of GBP3B as had been speculated in some public
Read moreEffective Regulation, Not Tax, Key To Reducing Bank Risk-AFME
22nd Jun 2010 13:36
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The Association for Financial Markets in Europe said Tuesday that while it welcomed more details on the tax that the U.K. government will impose on the banks, effective regulation remains the most important tool to avoid future
Read moreDeutsche Bank, Credit Suisse Top Prime Brokerage Survey
22nd Jun 2010 13:00
By Joseph Checkler and Amy Or Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Deutsche Bank AG (DB) and Credit Suisse Group (CS) tied as the best prime brokerages of 2009, according to an annual survey of hedge funds reviewed by Dow Jones Newswires. Global Custodian magazine's survey polle
Read moreUPDATE: ENI To Price EUR1B 10-Year Bond At Swaps +1.08
22nd Jun 2010 12:46
(Adds size, final pricing details.) By Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Italian oil and gas company ENI SpA will price its planned EUR1 billion, 10-year bond at 108 basis points over mid-swaps, one of the banks running the sale said Tuesday. Pricing will be a
Read moreENI 10-Year Bond Guidance Swaps +1.10, Plus Or Minus 0.02
22nd Jun 2010 11:32
LONDON (Dow Jones)--Italian oil and gas company ENI SpA has set guidance on its planned 10-year, euro-denominated, benchmark bond at 110 basis points over midswaps, plus or minus two basis points, one of the banks running the sale said Tuesday. Banca IMI, Barclays PLC, BNP Paribas SA, ING Bank N
Read moreENI Plans 10-Year Euro Benchmark Bond
22nd Jun 2010 09:25
LONDON (Dow Jones)--Italian oil and gas company ENI SpA is planning to issue a 10-year, euro-denominated, benchmark bond and has hired Banca IMI, Barclays PLC, BNP Paribas SA, ING Bank NV and UniCredit SpA to act as joint bookrunners, one of the banks said Tuesday. Order books are open and prici
Read moreTuesday newspaper round-up: Budget, Sainsbury's, Jupiter
22nd Jun 2010 06:28
George Osborne will claim today that the harshest Budget for 30 years will squeeze the rich more than it hits the poor. The Chancellor will seek to sell his package of record spending cuts and tax rises as being stamped by fairness as he tries to win public support for a four-year austerity drive.
Read moreBridges Ventures, Chancerygate Invest In London Student Housing
21st Jun 2010 17:29
LONDON (Dow Jones)--Bridges Ventures Tuesday said it has invested in a student housing development in East London, the second investment the fund has made from its Bridges Sustainable Property Fund, which launched November. Bridges has partnered with real estate investor Chancerygate for its lat
Read moreCitic Bank Prices $500M 10-Yr Notes At 362.5 Bps Over Treasurys
21st Jun 2010 16:31
NEW YORK (Dow Jones)--Citic Bank International Ltd., the Hong Kong unit of China Citic Bank Corp. (0998.HK, 601998.SH), priced $500 million in 10-year U.S.-dollar-denominated subordinated bonds at 362.5 basis points over comparable Treasurys. That was the tight end of guidance, which was set at 362.
Read moreNorth Rhine-Westphalia Prices EUR1B 2.125% 5Y Bond At 99.667
21st Jun 2010 16:22
LONDON (Dow Jones)--The German state of North Rhine-Westphalia has priced a EUR1 billion bond offering, via joint lead-managers Barclays PLC, Deutsche Bank AG, Landesbank Baden-Wuerttemberg, UniCredit SpA, and WestLB AG, with the following terms, one of the banks said Monday: Amount: EUR1
Read moreCiti Private Bank Adds Investment Counselor in Chicago
21st Jun 2010 14:25
By Thomas Coyle Of DOW JONES NEWSWIRES Citi Private Bank has hired former Barclays Wealth private-investment manager Stacy Devine as an investment counselor in Chicago. She will report to Michael Persinski, head of investments of the private bank's eastern U.S. region. Devine was wit
Read moreResolution, AXA UK May Ink GBP2.75B Deal This Week - Source
21st Jun 2010 13:36
By Vladimir Guevarra Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Resolution Ltd (RSL.LN), the consolidation vehicle of U.K. entrepreneur Clive Cowdery, and French insurer AXA SA (CS.FR) are expected this week to announce a GBP2.75 billion deal for Resolution to buy AXA's U.K. life operations,
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
21st Jun 2010 11:00
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] 1000 GMT [Dow Jones] Bernstein cuts Barclays (BARC.LN) price target to 370p from 410p, leaving at outperform. Says the wea
Read moreMARKET TALK: Bernstein Cuts Barclays Price Target
21st Jun 2010 11:00
1000 GMT [Dow Jones] Bernstein cuts Barclays (BARC.LN) price target to 370p from 410p, leaving at outperform. Says the weakness in 1Q '10 and sharp slowdown in fixed income in 2Q '10 reduces the brokerage's confidence that the bank should be able to deliver the strong revenue share growth it previou
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