UKFI Hires BofA Merrill's O'Neil To Oversee Lloyds,RBS Stakes
19th Jul 2010 10:24
LONDON (Dow Jones)--U.K. Financial Investments Ltd., the U.K. government body that manages the state's financial sector holdings, Monday said Jim O'Neil is joining from Bank of America Merrill Lynch to be head of market investments. In the job, he will be responsible for overseeing UKFI's 41% st
Read moreDebenhams Refinances Debt With New GBP650M Credit Facility
19th Jul 2010 07:29
By Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. department store chain Debenhams PLC (DEB.LN) said Monday it has completed its debt refinancing with a new GBP650 million credit facility, which was well received by investors. Debenhams said "demand for the facility wa
Read moreFinancial News: Coller Plots $5B Fundraising Return
19th Jul 2010 01:01
By Paul Hodkinson Of FINANCIAL NEWS Coller Capital, one of the world's largest secondaries firms, is set to return to fundraising in the autumn with a target of about $5 billion, according to investors. The firm's existing fund passed its 75% investment threshold--the point at which firm
Read moreADR REPORT: Shares Fall Broadly On Economic Outlook
16th Jul 2010 21:51
By Victoria Finkle Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York tumbled across the board on discouraging U.S. earnings reports and growing concerns about the economic outlook. The Bank of New York index of ADRs sank 3.1% to 119.61. The fina
Read moreSector movers: BP lifts oil stocks
16th Jul 2010 17:54
BP lifted the oil sector after saying that it yesterday succeeded in stopping the flow of oil pouring into the Gulf of Mexico for the first time in three months. The shutdown is part of an "integrity test" to see if the leaking wellhead can finally be contained. The test started last night and will
Read moreFTSE 100 movers: BP rise tempers overall decline
16th Jul 2010 15:00
Footsie remains lower despite good news from BP. BP appears to have succeeded in stopping the flow of oil pouring into the Gulf of Mexico for the first time in three months. The shutdown is part of an "integrity test" to see if the leaking wellhead can finally be contained. The test started last ni
Read moreFriday newspaper round-up: Goldman Sachs, BP, Sage
16th Jul 2010 06:39
Goldman Sachs has agreed to pay $550 million to settle charges that the Wall Street bank tricked investors into buying a toxic mortgage product during the housing boom. The payout includes $100 million to Royal Bank of Scotland, the Times reports. As part of the settlement, Goldman acknowledged tha
Read moreUK Banks Defend Lending At Treasury Summit Thursday
15th Jul 2010 19:04
By Margot Patrick, Laurence Norman and Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Bosses of the U.K.'s biggest banks Thursday pushed back against government claims they aren't doing their part to grow the economy by lending more to small businesses, at a meeting held between
Read morePRESS RELEASE: Moody's Changes Rbs Financial Strength Outlook To Stable From Negative
15th Jul 2010 16:13
The following is a press release from Moody's Investors Service: C- Bank Financial Strength rating outlook to stable from negative; Aa3 debt/deposit ratings affirmed London, 15 July 2010 -- Moody's has changed the outlook on Royal Bank of Scotland plc's C- standalone Bank Financial Strength Rati
Read morePRESS RELEASE: Moody's Changes Rbs Financial -2-
15th Jul 2010 16:13
compensatory or incidental damages whatsoever (including without limitation, lost profits), even if MOODY'S is advised in advance of the possibility of such damages, resulting from the use of or inability to use, any such information. The ratings, financial reporting analysis, projections, and other
Read morePRESS RELEASE: Moody's Affirms The Letter Of Credit-Backed Aaa/Vmig 1 Rating Of The Maryland Economic Development Corporation Adjustable Mode Revenue Refunding Bonds, (CONSTELLATION ENERGY GROUP, INC. PROJECT) Series 2006A.
15th Jul 2010 16:01
The following is a press release from Moody's Investors Service: $75 MILLION OF DEBT AFFECTED. RATING SUPPORTED BY THE SUBSTITUTE LETTER OF CREDIT PROVIDED BY ROYAL BANK OF SCOTLAND, PLC AND CONSTELLATION ENERGY GROUP, INC. Maryland Economic Development Corporation Constellation Energy Group, Inc
Read morePRESS RELEASE: Moody's Affirms The Letter Of -2-
15th Jul 2010 16:01
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Read morePrudential Hiring Non-Executives As Board, Holder Talks Continue
15th Jul 2010 10:56
By Jessica Hodgson Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Prudential PLC (PRU.LN) Thursday confirmed that it is seeking to recruit two non-executive directors, but denied a press report that one of them was being lined up to replace senior non-executive director James Ross. At least
Read morePRESS RELEASE: Moody's Assigns Aaa Ratings To 5 -2-
14th Jul 2010 10:15
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Read morePRESS RELEASE: Moody's Assigns Aaa Ratings To 5 Classes Of Permanent Master Issuer Plc Series 2010-2, Uk Rmbs
14th Jul 2010 10:15
The following is a press release from Moody's Investors Service: Approximately GBP 2.5 billion of debt securities rated London, 14 July 2010 -- Moody's Investors Service assigned definitive credit ratings to the following classes of notes issued by Permanent Master Issuer PLC: - Aaa to the USD
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