Financial News: HSBC Names Co-Head Of Financial Institutions
14th Jun 2010 01:01
By Matt Turner Of FINANCIAL NEWS HSBC has appointed a former head of the financial institutions group for Europe at Lehman Brothers and then Nomura as global co-head of its FIG business, according to sources familiar with the hire. Giles Harrison left Nomura in February, according to the
Read moreUK Business Secretary In Bid To Split Banks - Report
13th Jun 2010 13:29
LONDON (Dow Jones)--U.K. Business Secretary Vince Cable is keen on separating retail from investment banking despite assurances from the Treasury that the prospect of such a split hasn't been concluded yet, the Sunday Telegraph reported. "The coalition agreement is quite explicit ... The purpose
Read moreUPDATE:BPCE To Sell Societe Marseillaise To Societe Generale:Report
11th Jun 2010 18:45
(Adds that Groupe BPCE and Societe Generale declined to comment; background.) By Elena Berton Of DOW JONES NEWSWIRES PARIS (Dow Jones)--French mutual bank Groupe BPCE is selling regional bank Societe Marseillaise de Credit to French lender Societe Generale SA (SCGLY, GLE.FR), French da
Read moreMARKET TALK: HSI +1.6%;Investors May Take Quick Profits -Delta
11th Jun 2010 03:33
0233 GMT [Dow Jones] HSI +1.6% at 19,943.65, off intraday high of 19,995.64, tad below psychologically key 20,000 level, as investors stay cautious after China's May CPI came in slightly higher than expected (+3.1% on-year vs +3.0% expected by economists in Dow Jones poll), says Conita Hung at Delta
Read moreMARKET TALK: HSI Set To Rise; May Test 20,000 - Wing Fung
11th Jun 2010 02:18
0118 GMT [Dow Jones] HSI set to rise to track strong showing on Wall Street, may test psychological 20,000 resistance today, says Mark To at Wing Fung Financial. Adds short-covering activity may also offer support, while trading volume remains key to see if any rise sustainable. Tips heavyweights su
Read morePRESS RELEASE: Moody's Downgrades Hsbc Bank Middle East To A1/C-; Stable Outlook
10th Jun 2010 19:19
The following is a press release from Moody's Investors Service: DIFC, June 10, 2010 -- Moody's Investors Service has today downgraded the bank financial strength rating (BSFR) of HSBC Bank Middle East Limited (HBME) to C- from C and the long-term local and foreign currency deposit ratings by one
Read more4th UPDATE: UK To Probe Investment Banks' Equity-Raising Fees
10th Jun 2010 15:50
(Adds comment from the Association for Financial Markets in Europe.) By Vladimir Guevarra and Digby Larner Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K.'s Office of Fair Trading put investment banks in its sights Thursday, saying it will launch an inquiry into how much they charge
Read more3rd UPDATE: UK To Probe Investment Banks' Equity-Raising Fees
10th Jun 2010 15:34
(Adds comment from the Investment Management Association.) By Vladimir Guevarra and Digby Larner Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K.'s Office of Fair Trading put investment banks in its sights Thursday, saying it will launch an inquiry into how much they charge for equity
Read moreGrifols Lines Up $4B Debt For Talecris Buy-Sources
10th Jun 2010 12:25
By Carol Dean Of Dow Jones Newswires LONDON (Dow Jones)--Spanish healthcare company Grifols SA (GRF.MC) has lined up $4 billion of debt financing to back its acquisition of U.S. company, Talecris Biotherapeutics Holdings Corp. (TLCR), people familiar with the situation said Thursday. The
Read more2nd UPDATE: OFT Launches Inquiry Into Investment Banks
10th Jun 2010 11:46
(Adds comment from the British Bankers' Association.) By Vladimir Guevarra and Digby Larner Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K.'s Office of Fair Trading took a sideswipe at investment banks Thursday, saying it will launch an inquiry into how much they charge for equity un
Read moreUPDATE: OFT Launches Inquiry Into Investment Banks
10th Jun 2010 11:03
(Adds background, analyst comment.) By Vladimir Guevarra and Digby Larner Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K.'s Office of Fair Trading took a sideswipe at investment banks Thursday, saying it will launch an inquiry into how much they charge for equity underwriting and oth
Read moreMARKET TALK: Bank Of Communications Flat Before Ex-Rights Fri
10th Jun 2010 03:52
0252 GMT [Dow Jones] Today last chance to Buy Bank of Communications (3328.HK) shares ahead of ex-dividend Friday; stock resilient, flat at HK$8.40 on modest volume. China's 5th largest lender will issue 1.5 rights shares for every 10 shares at HK$5.14 each. HSBC (0005.HK) undertaken to subscribe to
Read morePeugeot-Citroen Agrees EUR1.8B Loan; Syndication Underway
9th Jun 2010 16:03
LONDON (Dow Jones)--French auto maker PSA Peugeot-Citroen (UG.FR) has agreed a EUR1.8 billion loan refinancing with a group of banks that was launched into syndication earlier this week, the arranging banks said Wednesday. The new loan has a maturity of three years with two one-year extension op
Read moreFinal Bids For Kraft Polish Unit Due 3rd Wk Of June - Sources
9th Jun 2010 15:17
By Marynia Kruk Of DOW JONES NEWSWIRES WARSAW (Dow Jones)--Final bids for E. Wedel, the Polish business of Kraft Foods Inc. (KFT), are due by the third week of June, two people familiar with the situation said Wednesday. Kraft is selling Polish and Romanian assets it acquired as part of
Read moreAareal Bank Prices EUR500M 2013 1.75% Covered Bond At 99.759
9th Jun 2010 13:29
LONDON (Dow Jones)--Aareal Bank (ARL.XE) of Germany has priced its EUR500 million, 2013-dated covered bond at 25 basis points over midswaps, one of the banks working on the deal said Wednesday. Barclays PLC, DZ Bank, HSBC Holdings PLC, Landesbank Baden-Wuerttemberg and UniCredit SpA are joint-le
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