3rd UPDATE: Busy Day In US Corporate Debt, Led By China News
21st Jun 2010 00:02
(Updates with final deal sizes and prices.) By Katy Burne and Chris Dieterich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Financial service businesses, including two Asian banks, led a new wave of bond offerings by investment-grade companies on Monday, as China's decision to loosen its
Read moreRBS In Talks To Sell Indian Ops to HSBC -Newspaper
20th Jun 2010 13:34
LONDON (Dow Jones)--U.K.-based banking giant Royal Bank of Scotland Group PLC (RBS.LN) is in advanced talks to sell its Indian business to HSBC Holdings PLC (HSBA.LN), the Sunday Times reports without citing sources. The newspaper says the deal is expected to be agreed within weeks, following mo
Read moreSunday tips round-up: HSBC, Smith News, Ashtead
20th Jun 2010 12:12
For those seeking quarterly payments, one company worth buying is HSBC, says the Telegraph's Questor. The dividend yield is not spectacular at the moment - the yield is a touch under 4pc. However, the market expects a strong hike in payments over the next few years as global markets recover. The sh
Read morePRESS RELEASE: S&P Lowers HSBC Mortgage Resi Servicer Rankings To ABOVE AVG
18th Jun 2010 20:56
The following is a press release from Standard & Poor's: OVERVIEW -- We lowered our rankings on HSBC Mortgage Corp. USA (MC) to ABOVE AVERAGE from STRONG as a residential mortgage loan servicer, subordinate-lien mortgage loan servicer, and residential subprime mortgage loan servicer. --
Read moreHSBC Sells 48.9% Stake In British Arab Commercial Bank
18th Jun 2010 16:55
LONDON (Dow Jones)--HSBC Holdings PLC (HSBA.LN) said Friday it has agreed to sell its 48.9% shareholding in British Arab Commercial Bank PLC to Libyan Foreign Bank for GBP56.7 million in cash. MAIN FACTS: -As a result of the transaction, which is expected to complete in the fourth quarter of
Read moreHSBC: Raised US$3.4 Bln From Perpetual US Dollar Bond; Coupon 8%
18th Jun 2010 10:53
HONG KONG (Dow Jones)--HSBC Holdings PLC (HBC) said Friday it raised US$3.4 billion from selling a perpetual U.S. dollar bond to support its capital. The bank said the bond has a coupon rate of 8% and will be callable after five years. -By Aries Poon, Dow Jones Newswires; 852-2832-2332; ari
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
18th Jun 2010 10:28
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] 0928 GMT [Dow Jones] HSBC (HBC) may be the logical dividend income replacement for BP (BP.LN), given that the market has lost
Read moreMARKET TALK: Swap BP With HSBC To Replace Lost Dividend -Oriel
18th Jun 2010 10:28
0928 GMT [Dow Jones] HSBC (HBC) may be the logical dividend income replacement for BP (BP.LN), given that the market has lost the BP dividend which was due to be paid on June 21, says Oriel Securities. Oriel says investors should consider increasing weightings in HSBC, which clearly meets the broad
Read moreHK Bourse: Overseas Regulatory Announcement From Hsbc Hldgs Plc
18th Jun 2010 01:43
Following is the related link: http://www.hkexnews.hk/listedco/listconews/sehk/20100618/LTN20100618015.pdf Stock Code: 5 Source: Hong Kong Exchanges & Clearing (END) Dow Jones Newswires June 17, 2010 20:43 ET (00:43 GMT)
Read moreBP, 7 Firms Discuss Advisement, Credit Backing -Fox Business' Gasparino
17th Jun 2010 17:32
DOW JONES NEWSWIRES Seven financial firms are in talks to become advisers to BP PLC (BP, BP.LN), Fox Business Network's Charles Gasparino reports Thursday. Gasparino had already reported that Goldman Sachs Group Inc. (GS), Blackstone Group LLP (BX) and Credit Suisse (CS) were in negotiations wi
Read moreRBS sells Kazakhstan unit to HSBC
17th Jun 2010 15:13
Royal Bank of Scotland has sold its retail business in Kazakhstan to HSBC for up to $52m (£35m) in cash, taking the number of disposals this week to four. The part-nationalised lender, which should complete this latest transaction on 1 September, will keep its corporate and investment banking franc
Read moreDexia Credit Local Prices EUR1.35B 2012 Government-Guaranteed FRN
17th Jun 2010 15:06
LONDON (Dow Jones)--Dexia Credit Local has priced its EUR1.35 billion, two-year, government-guaranteed floating rate note at 33 basis points over three-month Euribor, a one of the banks running the sale said Thursday. The deal is guaranteed by the governments of Belgium, France, and Luxembourg.
Read moreHSBC Buys RBS's Kazakhstan Retail Banking Assets For $52M
17th Jun 2010 14:54
LONDON (Dow Jones)-- HSBC Holdings PLC (HSBA.LN), a global banking group, said Thursday it has agreed to acquire the Kazakhstan retail banking assets of Royal Bank of Scotland Group PLC (RBS.LN) for a maximum consideration of $52 million in cash. MAIN FACTS: -Under the terms of the agreement
Read moreIPO WATCH: Europe Perks Up Despite Continued Uncertainty
17th Jun 2010 14:50
By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Europe's market for initial public offerings perked up this week as U.K. fund manager Jupiter Fund Management PLC priced a GBP254 million deal and oil and gas company Fairfield Energy PLC filed plans to raise up to $500 million to
Read moreUK Bank Investors See Bright Side Of Financial Reform
17th Jun 2010 14:26
By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Bank investors and analysts Thursday saw the brighter side of U.K. government plans to radically overhaul banks' supervision and potentially restrict their activities, with major bank shares rising and analysts saying the proposals
Read more