UPDATE: UK Cable: New Bank Lending Targets Still An Option
19th Jul 2010 17:12
(Adds detail, context) By Laurence Norman and Jonathan Buck Of DOW JONES NEWSWIRES FARNBOROUGH, England (Dow Jones)--U.K. Business Secretary Vince Cable confirmed Monday the new government is still weighing up new lending targets for the part-nationalized banks but said that it is only o
Read moreAIR SHOW: UK Cable: New Bank Lending Targets Still An Option
19th Jul 2010 14:34
FARNBOROUGH, England (Dow Jones)--U.K. Business Secretary Vince Cable confirmed Monday that the new government is considering imposing lending targets on the part nationalized banks from next year but said that is only one option available. In comments to Dow Jones Newswires on the sidelines of
Read moreCable lambasts banks again
19th Jul 2010 12:33
Business secretary Vince Cable has launched another broadside at the UK banks, accusing them of ripping off their customers and misleading comments over small business borrowers. In an interview with the BBC, Cable said customers were suffering as competition between the banks had had been affected
Read moreUPDATE: UKFI Hires BofA Merrill's O'Neil To Oversee Bank Stakes
19th Jul 2010 10:50
(Adds details.) By Margot Patrick Of DOW JONES NEWSWIRES 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 oversee its 41% stake in Ll
Read moreUKFI 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
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