Cambridge Place Sues Major Banks Over $1.2B Subprime Losses
13th Jul 2010 15:39
By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Cambridge Place Investment Management, the London- and Massachusetts-based hedge fund group that lost billions of dollars of assets from the financial crisis, is suing dozens of investment banks and brokers for the alleged missell
Read moreThames Water Prices GBP550M Of Class B Bonds At Gilts +2.85
13th Jul 2010 13:39
LONDON (Dow Jones)--Thames Water Utilities Cayman Finance Limited has priced GBP550 million of class B, subordinated, secured bonds via lead managers Barclays Capital PLC, Deutsche Bank AG, HSBC Holdings PLC and Morgan Stanley, one of the banks leading the deal said Tuesday. Terms are as follows
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
13th Jul 2010 12:03
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] 1103 GMT [Dow Jones] WestLB upgrades HSBC (HSBA.LN) to neutral from reduce, saying its concerns that the withdrawal of eco
Read moreMARKET TALK: WestLB Upgrade HSBC To Neutral From Reduce
13th Jul 2010 12:03
1103 GMT [Dow Jones] WestLB upgrades HSBC (HSBA.LN) to neutral from reduce, saying its concerns that the withdrawal of economic stimulus in the US would be too rapid, have now diminished somewhat. WestLB says the economic recovery in the US remains fragile and although it forecasts loan loss provisi
Read moreThames Water To Price 7Y Class B Sterling Bond At Gilts +2.85
13th Jul 2010 11:58
LONDON (Dow Jones)--Thames Water Utilities Cayman Finance Ltd. plans to sell a seven-year class B sterling bond at 285 basis points over gilts, one of the banks leading the deal said Tuesday. Barclays Capital PLC, Deutsche Bank AG, HSBC Holdings PLC and Morgan Stanley are leading the deal, which
Read moreHSBC Chairman Green: Financial Crisis Is Far From Over
13th Jul 2010 10:23
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--HSBC Holdings PLC (HBC) Chairman Stephen Green Tuesday said the financial crisis isn't over yet, though "we're on our way out," and suggested that markets shouldn't be complacent about the possibility of future shocks. Spea
Read moreHK Bourse: Announcement From Hsbc Hldgs Plc
13th Jul 2010 09:27
Following is the related link: http://www.hkexnews.hk/listedco/listconews/sehk/20100713/LTN20100713101.pdf HSBC HOLDINGS PLC INTERIM RESULTS AND SECOND INTERIM DIVIDEND FOR 2010 Pursuant to Rule 13.43 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited
Read moreMARKET TALK: Long CCB, Short BoCom - DBS Vickers
13th Jul 2010 09:08
0808 GMT [Dow Jones] DBS Vickers advises long China Construction Bank (0939.HK), short Bank of Communications (3328.HK) pair trade; expects BoCom to underperform sector in coming month, due to glut of new shares from rights issue (3.460 billion new H-shares will become tradable July 19). Even if exc
Read moreHSBC Names John Li As Taiwan Chief Executive
13th Jul 2010 07:30
HONG KONG (Dow Jones)--HSBC Holdings PLC (HBC) said Tuesday it has named John Li as chief executive of the lender's Taiwan operations. HSBC said in a statement Li is currently managing director and head of global banking and markets at HSBC Taiwan. The lender said Li's appointment is subject to
Read moreHK Bourse: Overseas Regulatory Announcement From Hsbc Hldgs Plc
13th Jul 2010 02:01
Following is the related link: http://www.hkexnews.hk/listedco/listconews/sehk/20100713/LTN20100713022.pdf Stock Code: 5 Source: Hong Kong Exchanges & Clearing (END) Dow Jones Newswires July 12, 2010 21:01 ET (01:01 GMT)
Read moreHK Bourse: Overseas Regulatory Announcement From Hsbc Hldgs Plc
13th Jul 2010 01:32
Following is the related link: http://www.hkexnews.hk/listedco/listconews/sehk/20100713/LTN20100713017.pdf Stock Code: 5 Source: Hong Kong Exchanges & Clearing (END) Dow Jones Newswires July 12, 2010 20:32 ET (00:32 GMT)
Read morePKO Bank Polski, BNP Paribas On BZ WBK Shortlist - Report
12th Jul 2010 07:07
WARSAW (Dow Jones)--PKO Bank Polski (PKO.WA), Poland's biggest bank by assets, and BNP Paribas (BNP.FR) are on the shortlist of bidders for Bank Zachodni WBK (BZW.WA), owned by Allied Irish Banks (AIB), Polish daily Gazeta Wyborcza reports. Without citing sources, the daily said the shortlist ma
Read moreHK Bourse: Overseas Regulatory Announcement From Hsbc Hldgs Plc
12th Jul 2010 01:46
Following is the related link: http://www.hkexnews.hk/listedco/listconews/sehk/20100712/LTN20100712019.pdf Stock Code: 5 Source: Hong Kong Exchanges & Clearing (END) Dow Jones Newswires July 11, 2010 20:46 ET (00:46 GMT)
Read moreHSBC Chief Warns Over Plans To Break Up Banks- Newspaper
11th Jul 2010 13:20
LONDON (Dow Jones)--HSBC Holdings PLC (HSBA.LN) chairman Stephen Green has revealed serious concerns about the future strength of the economically vital banking sector, which is under threat of new regulations, The Sunday Telegraph said citing an interview. Green told the newspaper that the like
Read moreIntercity Trains In GBP1.7Bln Sell-Off- Newspaper
11th Jul 2010 12:51
LONDON (Dow Jones)--A consortium of City investors is close to seizing control of a third of Britain's trains for about GBP1.7 billion, said U.K. newspaper The Times on Sunday citing sources close to the situation. The investors, 3i Infrastructure PLC (3IN.LN), Morgan Stanley Infrastructure and
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