UPDATE:Barclays's Diamond Says Banks Need Derivatives To Compete
8th Jun 2010 20:04
(Updates throughout with background, new information from speech) By Joe Bel Bruno Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Barclays PLC (BCS) President Robert Diamond said Tuesday stripping derivatives desks from banks would put U.S. institutions at a disadvantage. Diamond said la
Read moreBarclays's Diamond Says Banks Need Derivatives To Compete
8th Jun 2010 19:07
By Joe Bel Bruno Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Barclays PLC (BCS) President Robert Diamond said Tuesday stripping derivatives desks from banks would put U.S. Institutions at a disadvantage. Diamond said lawmakers should not give in to "populist" calls that make a financial
Read morePRESS RELEASE: S&P Affirms Ratings On 2 Covered -2-
8th Jun 2010 17:57
55 Water Street, New York, NY 10041; (1) 212-438-7280 or by e-mail to: [email protected]. Copyright (c) 2010, Standard & Poor's Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. (END) Dow Jones Newswires June 08, 2010 12:57 ET (16:57 GMT)
Read morePRESS RELEASE: S&P Affirms Ratings On 2 Covered Bond Programs (June 8, 2010)
8th Jun 2010 17:57
The following is a press release from Standard & Poor's: OVERVIEW -- Today's rating actions follow the application of our revised criteria for assessing asset-liability mismatch risk in covered bonds. -- We have affirmed and removed from CreditWatch negative our 'AAA' ratings on Spain-ba
Read moreLondon close: Footsie at 2-week low
8th Jun 2010 16:14
London fell for the third session in a row Tuesday, damaged by a further slump at BP and as a wave of selling sank the banking sector. Comments from ratings agency Fitch about Britain's "formidable" budget deficit didn't go down well, but it was BP that stood out, hitting a 20-month low as the flow
Read moreUPDATE:Morgan Stanley Asia Pacific M&A Head To Join Barclays-Source
8th Jun 2010 16:10
(Adds details of deals King was involved in.) By Amy Or Of DOW JONES NEWSWIRES Morgan Stanley's (MS) head of mergers and acquisitions for Asia Pacific excluding Japan, Edward King, has left the U.S. bank to join Barclays PLC (BCS, BARC.LN), a person familiar with the situation said Tue
Read morePRESS RELEASE: Moody's Upgrades Ratings Of Standard Life Bank To Aa3
8th Jun 2010 15:56
The following is a press release from Moody's Investors Service: London, 08 June 2010 -- Moody's Investors Service has today upgraded the long term A2 debt/deposit ratings of Standard Life Bank plc ("SLB") to Aa3, the same level as Barclays Bank PLC ("Barclays"). In the same rating action, the su
Read moreMorgan Stanley Asia Pacific M&A Head King To Join Barclays-Source
8th Jun 2010 15:53
Morgan Stanley's (MS) head of mergers and acquisitions for Asia Pacific excluding Japan, Edward King, has left the U.S. bank to join Barclays PLC (BCS, BARC.LN), a person familiar with the situation said Tuesday. King is expected to take up a similar position at Barclays when he rejoins his form
Read morePRESS RELEASE: Moody's Investors Service Has Assigned The Rating Of Aaa/Vmig 1 To The Barclays Capital Inc. (MUNI. DERIV.) Floating Rate Trust Receipts, Series 2010-40B
8th Jun 2010 15:52
The following is a press release from Moody's Investors Service: NEW YORK, June 8, 2010 -- Moody's Investors Service has assigned the rating of Aaa/VMIG 1 to the Barclays Capital Inc. (Muni. Deriv.) Floating Rate Trust Receipts, Series 2010-40B. The long-term portion of the rating on the trust cer
Read morePRESS RELEASE: Fitch Rates Houston, TX Combined Utility Sys CP Notes, Series B-4, B-5 & B-6
8th Jun 2010 15:27
The following is a press release from Fitch Ratings: Fitch Ratings-New York-08 June 2010: Fitch Ratings assigns the following ratings to the City of Houston, Texas' combined utility system commercial paper notes, series B (the notes): --'F1' to the $100,000,000 series B-4; --'F1+' to th
Read moreRentenbank Prices EUR1 Billion Five-Year 2% Bond At 99.986
8th Jun 2010 14:52
LONDON (Dow Jones)--German agribusiness development agency Rentenbank has priced its EUR1 billion, five-year bond at four basis points below midswaps, one of the banks running the sale said Tuesday. Barclays PLC, DZ Bank and UniCredit SpA were joint lead managers. Terms are as follows: Amou
Read moreLondon afternoon: Miners revival not enough
8th Jun 2010 14:40
Footsie staged a small revival over the lunch time session, helped by a recovery by mining stocks, but the majority of FTSE 100 constituents are still in the red with laggards outnumbering leaders by three to one. BP is again among the worst performers as US president Barack Obama said he'd sack t
Read moreMARKET TALK: Fixed-Income Party Like Its 2009
8th Jun 2010 14:11
9:11 (Dow Jones) The widening of credit spreads will likely rewind the fixed-income trading "movie" in the fall of 2010 that played out for Wall Street firms in 2009, Bernstein's Brad Hintz says. With short-term rates unlikely to rise until 2011, Hintz expects fixed-income, currencies and commoditie
Read moreLondon midday: Blue chips struggle
8th Jun 2010 12:35
Blue chips struggled all morning with BP under the cosh again and investors surprised by the retirement of Tesco boss Sir Terry Leahy. BP is again among the worst performers as US president Barack Obama said he'd sack the British company's chief executive Tony Hayward. In an interview with NBC to b
Read moreCORRECT: Rentenbank Plans EUR1 Bln Five-Year Bond At Swaps -0.03 Area
8th Jun 2010 08:33
("Rentenbank Plans EUR1 Bln Five-Year Bond At Swaps -0.05 Area," at 07:26 GMT, misstated price guidance in the first paragraph. The correct version follows:) LONDON (Dow Jones)--German agribusiness development agency Rentenbank is planning to issue a EUR1 billion, five-year bond, and has set p
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