UK MARKET TALK ROUNDUP: BROKERS COMMENTS
23rd Jun 2010 07:21
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0621 GMT [Dow Jones] The levy on banks imposed by the UK Chancellor is not as bad as expected and there is the further relie
Read moreBahrain Mumtalakat Plans 5-Year Dollar Bond - Source
23rd Jun 2010 04:49
(This item was originally published Tuesday.) By Clare Connaghan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Bahrain Mumtalakat Holding Co., the Gulf state's $10 billion sovereign wealth fund, is planning to sell a five-year, dollar-denominated bond, a person familiar with the situation s
Read moreMARKET TALK: HK Short Sales Down 5.1% Wed; Tencent Leads
23rd Jun 2010 00:44
2344 GMT [Dow Jones] HK short-selling volume down 5.1% at HK$4.336 billion Wednesday, 7.7% of market total, vs 7.5% Tuesday, suggests index likely to remain in narrow trading range near term after yesterday's 0.2% rise. Tencent (0700.HK) leads with HK$313.51 million, then HSBC (0005.HK) with HK$263.
Read moreHEARD ON THE STREET: UK Levy Not Too Taxing For Banks
22nd Jun 2010 19:13
By Simon Nixon A DOW JONES COLUMN Following an election in which bank-bashing figured prominently, the U.K. banking sector can count itself lucky with the coalition government's emergency budget. Although Chancellor George Osborne is pushing ahead unilaterally with a bank levy, it is only ex
Read moreUK Banks Hit With New Tax, But Escape Harsher Measures
22nd Jun 2010 17:29
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. banks escaped new taxes on profits and remuneration, but a widely expected levy on their balance sheets that could provide an extra GBP2 billion a year to the government raised warnings from the sector, which said the U.K.
Read more2nd UPDATE: J.P. Morgan Shuffles Executives, Appoints New CFO
22nd Jun 2010 17:05
(Updates with details throughout) By Matthias Rieker and Nathan Becker Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--J.P. Morgan Chase & Co. (JPM) established international expansion as a top priority for growth in its second management reshuffle in less than a year. Chief Executive J
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jun 2010 16:15
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1515 GMT [Dow Jones] The newly-announced U.K. bank levy to raise roughly GBP2B is better than feared, says Oriel Securities a
Read moreMARKET TALK: UK Bank Levy Better Than Feared - Oriel
22nd Jun 2010 16:15
1515 GMT [Dow Jones] The newly-announced U.K. bank levy to raise roughly GBP2B is better than feared, says Oriel Securities analyst Mike Trippitt. Oriel sees Barclays (BCS) having a relatively large exposure because of its big balance sheet, with Standard Chartered (STAN.LN) and HSBC Holdings (HBC)
Read moreUPDATE: J.P. Morgan Shuffles Executives, Appoints New CFO
22nd Jun 2010 16:07
(Updates throughout with context and analysis.) By Matthias Rieker and Nathan Becker Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--J.P. Morgan Chase & Co. (JPM) established international expansion as a top priority for growth in its second management reshuffle in less than a year. Chi
Read moreUK Bank Shares Gain Ground After Bank Levy News
22nd Jun 2010 15:22
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. bank shares gained ground Tuesday after the government's widely expected levy on the sector proved to be lower than expected, although industry groups warned it could still make U.K. banks less competitive than their foreig
Read moreUK 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 moreHK Bourse: Overseas Regulatory Announcement From Hsbc Hldgs Plc
22nd Jun 2010 12:36
Following is the related link: http://www.hkexnews.hk/listedco/listconews/sehk/20100622/LTN20100622406.pdf Stock Code: 5 Source: Hong Kong Exchanges & Clearing (END) Dow Jones Newswires June 22, 2010 07:36 ET (11:36 GMT)
Read moreSociete Fonciere Lyonnaise Plans Roadshow, Possible Bond Sale
22nd Jun 2010 11:10
LONDON (Dow Jones)--French real-estate company Societe Fonciere Lyonnaise has hired Credit Agricole SA, HSBC Holdings PLC and Natixis to arrange meetings with bond investors across Europe next week, one of the banks said Tuesday. The unrated company will use the meetings to explore the possibili
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