Banque PSA Plans Euro Benchmark 3-Year Bond
8th Jul 2010 09:52
LONDON (Dow Jones)--Banque PSA, the financial unit of French auto maker Peugeot SA (UG.FR), is planning a three-year, euro-denominated, benchmark bond, one of the banks working on the deal said Thursday. Banco Bilbao Vizcaya Argentaria SA, Credit Agricole SA, HSBC Holdings PLC and Royal Bank of
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 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 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 moreMARKET TALK: Credit Suisse Lifts European Banks Weighting
8th Jul 2010 07:53
0653 GMT [Dow Jones] Credit Suisse increases its weighting of European banks to benchmark from 10% underweight, and stays benchmark of US banks. Upgrades European banks as macro factors are now less of a headwind. Also cites valuation, as "European Banks are trading some 20% below the historical nor
Read moreMARKET TALK: HSI +1.5% Midday; Sell Into Strength - Strategist
8th Jul 2010 05:45
0445 GMT [Dow Jones] HSI +1.5% at 20,148.36 midday, bolstered by gains in U.S. stocks; volume improves tad but remains sluggish at HK$24.88 billion. Strategist at brokerage arm of Chinese bank says any HK market rally in short term likely to be aided by Wall Street, on hopes of solid corporate earni
Read moreGETTING PERSONAL:UBS Rules May Not All Apply To HSBC Account Holders
7th Jul 2010 19:56
By Arden Dale A DOW JONES NEWSWIRES COLUMN The crackdown on offshore tax evasion has officially moved beyond UBS AG (UBS, UBSN.VX), and Switzerland. After months of expecting U.S. authorities to reach beyond the Swiss banking giant to other banks, tax advisers say clients with HSBC Holdi
Read morePRESS RELEASE: Moody's Abcp Rating Actions Ending July 5, 2010
7th Jul 2010 18:36
The following is a press release from Moody's Investors Service: New York, July 07, 2010 -- Moody's ABCP rating actions for the seven-day period ended July 5, 2010 THE RATINGS OF THE FOLLOWING ABCP PROGRAMS WERE AFFIRMED AT PRIME-1 DURING THE PERIOD JUNE 29, 2010 THROUGH JULY 5, 2010: HSBC'
Read moreLondon close: Back above 5,000
7th Jul 2010 16:21
Britain's banks staged an impressive turnaround Wednesday that helped carry London out of the red and onto a second day of very respectable gains. High street lenders were unsettled early on as investors waited for details on the nature of European stress tests for about 100 banks. Last-minute hagg
Read moreUPDATE: DOJ Investigates HSBC Offshore Accounts - Tax Lawyers
7th Jul 2010 15:56
(Updating to add HSBC reaction and further commentary by lawyers at end of story.) By Arden Dale Of DOW JONES NEWSWIRES The Justice Department has begun a criminal investigation into U.S. taxpayers who may have evaded taxes through HSBC Holdings PLC (HBC) accounts in India and Singapore,
Read moreDOJ In Criminal Probe of HSBC Offshore Accounts - Tax Lawyers
7th Jul 2010 15:15
By Arden Dale Of DOW JONES NEWSWIRES The Justice Department has begun a criminal investigation into U.S. taxpayers who may have evaded taxes through HSBC Holdings PLC (HBC) accounts in India and Singapore, according to tax attorneys close to the matter. The agency is looking into whether
Read moreLondon afternoon: Banks help retrace losses
7th Jul 2010 14:26
London's leading shares have retraced most of the earlier losses as Wall Street starts with some modest gains. Wall Street was expected to begin jittery but moved ahead with tech stocks leading the advance. Banks, which were lower earlier in the day, have now retraced those losses. Lloyds and HSB
Read moreLondon midday: Market struggles despite BP rally
7th Jul 2010 12:07
A cautious update from Marks & Spencer and weak banking shares are weighing on the market despite good showings from BP and Sainsbury's. M&S reported a 3.6% rise in UK like-for-like sales in the first quarter, but is cautious about the outlook for consumer confidence and spending. Like for like sal
Read moreThames Water Utilities Plans To Issue Sterling Class B Bonds
7th Jul 2010 10:26
LONDON (Dow Jones)--Thames Water Utilities Cayman Finance Limited is planning to issue sterling-denominated, Class B bonds via bookrunners Barclays Capital PLC, Deutsche Bank AG, HSBC Holdings PLC and Morgan Stanley, a bank running the sale said Wednesday. The issue will be launched under the te
Read moreHK Bourse: Overseas Regulatory Announcement From Hsbc Hldgs Plc
7th Jul 2010 09:57
Following is the related link: http://www.hkexnews.hk/listedco/listconews/sehk/20100707/LTN20100707309.pdf Stock Code: 5 Source: Hong Kong Exchanges & Clearing (END) Dow Jones Newswires July 07, 2010 04:57 ET (08:57 GMT)
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