UK 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 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
Read moreBahrain Mumtalakat Plans 5-Year Dollar Bond - Source
22nd Jun 2010 10:01
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 said Tuesday. Price guidance for the deal has b
Read moreMARKET TALK: HK Short Sales Down 27.3% Midday; HSBC Tops List
22nd Jun 2010 07:00
0600 GMT [Dow Jones] HK short-selling volume down 27.3% at HK$1.942 billion at interval, but as percentage of market total slightly higher at 5.6%, vs 5.1% Monday's half-day, suggests any consolidation in HSI after rising for past 9 sessions likely modest. HSBC (0005.HK) leads with HK$138.26 million
Read moreMARKET TALK: HK Short Sales Down 9.7% Tuesday; CCB Tops List
22nd Jun 2010 00:45
2345 GMT [Dow Jones] HK short-selling volume down 9.7% at HK$4.569 billion Tuesday, 7.5% of market total, vs 5.6% Monday, suggests HSI may witness more consolidation near term after modest decline yesterday. China Construction Bank (0939.HK) leads with HK$318.48 million, then HSBC (0005.HK) with HK$
Read moreHSBC Bank PLC Prices $2B Five-Year Notes; Treasurys +150BP
21st Jun 2010 22:42
DOW JONES NEWSWIRES NEW YORK (Dow Jones)--HSBC Bank PLC priced $2 billion of notes, with lead manager HSBC Securities, according to a person familiar with the deal. Terms were as follows: Amount: $2 billion Maturity: June 28, 2015 Coupon: 3.5% Issue Price: 99.918 Yield
Read morePRESS RELEASE: Fitch Affirms HSBC Mexico's IDR at 'A-' & Individual Rating at 'C'; Outlook Stable
21st Jun 2010 21:57
The following is a press release from Fitch Ratings: Fitch Ratings-Monterrey/New York-21 June 2010: Fitch Ratings has affirmed HSBC Mexico's (HSBCM) ratings as follows: HSBCM: --Long-term Issuer Default Rating (IDR) at 'A-'; --Short-term IDR at 'F1'; --Long-term local currency I
Read more2nd UPDATE:Busy Day In US Corporate Debt, Boosted By China News
21st Jun 2010 21:49
(Updates with market pricings.) By Katy Burne and Chris Dieterich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The U.S. investment-grade corporate debt market got off to a busy start Monday, with eight deals coming to market, led by the financial sector and including two large dollar-den
Read moreUPDATE: Busy Day In US Corporate Debt, Boosted By China News
21st Jun 2010 20:47
(Adds background on bond market activity this year.) By Katy Burne and Chris Dieterich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The U.S. investment-grade corporate debt market got off to a busy start Monday, with eight deals coming to market, led by the financial sector and including
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