RBS, Barclays, Lloyds Near Deal On Connaught Cash Injection - FT
29th Jul 2010 01:43
DOW JONES NEWSWIRES RBS, Barclays and Lloyds Banking Group are close to a deal that would inject cash into U.K. support services firm Connaught PLC (CNT.LN), the Financial Times reported Wednesday, citing unnamed sources. Terms for the injection were unclear, the paper said on its web site.
Read more2nd UPDATE: Derwent London Adds To Portfolio With GBP146M Buy
28th Jul 2010 13:11
(Adds Lloyds Banking comment.) By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Landlord and developer Derwent London PLC (DLN.LN) said Wednesday that it is stepping into the market for the first time in three years with the GBP146 million purchase of a building at one of Lond
Read moreCORRECT:INTERVIEW:Rathbones Interested In More Lloyds-Style Buys
28th Jul 2010 12:58
("=INTERVIEW: Rathbones Interested In More Lloyds-Style Buys," published at 0835 GMT, misstated the amount of funds in the second paragraph. The error also appeared in the third paragraph of "Rathbone Brothers 1H Pretax Profit +11%; Confident Of 2H Growth," published at 0635 GMT. The correct version
Read moreUPDATE: Derwent London Adds To Portfolio With GBP146M Purchase
28th Jul 2010 12:07
(Adds detail and comment.) By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Landlord and developer Derwent London PLC (DLN.LN) Wednesday stepped into the market for the first time in three years with the GBP146 million purchase of a building at one of London's busiest shopping
Read morePRESS RELEASE: S&P Puts 6 Rtgs On Watch Neg In UK Credit Card ABS Trust Arran
28th Jul 2010 12:00
The following is a press release from Standard & Poor's: OVERVIEW -- These rating actions follow our review of the latest performance information for these transactions. -- We have placed on CreditWatch negative our ratings on certain notes in Arran Funding's series 2005-B and 2007-B and
Read moreMARKET TALK: Banks Continue Their Advance; A Change In Trend?
28th Jul 2010 10:59
0959 GMT [Dow Jones] The Stoxx Europe 600 banks index +0.6% at 226.78, having added around 7.5% of gains since the release of the EU-wide stress tests and the relaxation of the Basel III capital requirements. After years of underperformance, and with most investors (apparently) still underweight, a
Read moreMARKET TALK: Evo Sees Possible Turning Point For Bank Stocks
28th Jul 2010 09:07
0807 GMT [Dow Jones] Evolution Securities notes the broadly reassuring stress test results and a substantial Basel U-turn on some key capital and liquidity proposals and says this could represent a turning point for fund managers to consider rebuilding their European bank positions. Notes capital a
Read moreMARKET TALK: Deutsche Banks Lifts European Banks To Neutral
28th Jul 2010 07:54
0654 GMT [Dow Jones] Deutsche Bank upgrades its view on the European banking sector to neutral from underweight, following the announcement from the Basel Committee on Banking Supervision. Says worries over leverage ratios, funding and liquidity requirements are now much reduced. "With the stress te
Read moreRathbone Brothers 1H Pretax Profit +11%; Confident Of 2H Growth
28th Jul 2010 07:35
LONDON (Dow Jones)--U.K. fund manager Rathbone Brothers PLC (RAT.LN) Wednesday posted an 11% rise in first-half pretax profit and said that while market volatility experienced in the first half is likely to continue for the rest of this year, it is confident of further growth. For the six months
Read moreADR REPORT: Shares Close Mixed Despite Strong Earnings Reports
27th Jul 2010 21:57
By Emily Glazer Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed little changed Tuesday as a weak consumer-confidence reading offset a strong round of corporate earnings. The Bank of New York index of ADRs closed up 0.4% to 126.32. The f
Read moreLondon close: Lead slashed as miners fail
27th Jul 2010 16:37
A big chunk of the morning's hard-fought gains went up in smoke late in the session as an early rally on Wall Street quickly turned into nothing. Miners were the main culprits. All the big guns gave back big leads mid-afternoon following stronger-than-expected US home-price data that helped the dol
Read moreFTSE 100 movers: Banks higher on European results
27th Jul 2010 16:28
Banks are leading the market higher after good results from their European counterpart UBS. Barclays, Lloyds and Royal Bank of Scotland are the top three risers in the FTSE 100. Net profit at UBS in the second quarter came to 2bn Swiss francs from a loss of 1.4bn Swiss francs last time. That was
Read moreLondon afternoon: Basel boost for banks
27th Jul 2010 14:32
Banking stocks have wrenched attention away from BP this morning, with the major UK banks lifted by strong figures from European peers Deutsche Bank and UBS and also by rumours that banking regulator the Basel Committee is set to lower its minimum capital and liquidity requirements. Barclays, Lloy
Read moreLloyds sells Ecuadorian branches
27th Jul 2010 14:23
Lloyds Banking is selling its Ecuadorian branch assets and liabilities to Banco Pichincha for up to $25m in cash. The impact of the sale on its accounts will not be material, the group said. The Ecuadorian business is primarily a corporate relationship bank operating through two branches and emp
Read moreLloyds Banking Sells Ecuadorian Branch, Assets, Liabilities For $25M
27th Jul 2010 14:12
LONDON (Dow Jones)--Lloyds Banking Group PLC (LLOY.LN), said Tuesday that it is selling its Ecuadorian branch assets and liabilities to Banco Pichincha for a cash consideration of up to $25 million, adding that the impact of the sale on the group's accounts will not be material. MAIN FACTS:
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