Lloyds Prefers Selling 600 Branches, Not List A New Bank
13th Jun 2010 13:25
By Vladimir Guevarra Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Lloyds Banking Group PLC (LYG) prefers to sell some 600 branches as part of a divestment plan agreed with the European Commission, and not float a new bank on the stock exchange, a bank spokeswoman said Sunday. "The group h
Read morePRESS RELEASE: Moody's: Uk Prime Rmbs Performance Stable In April 2010
11th Jun 2010 10:54
The following is a press release from Moody's Investors Service: UK Prime RMBS Indices -- April 2010 London, 11 June 2010 -- The performance of the UK prime residential mortgage-backed securities (RMBS) market continued its stable trend lines during April 2010, according to the latest indices pu
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 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 morePRESS RELEASE: Moody's Abcp Rating Actions Ending -2-
9th Jun 2010 17:32
affiliates (collectively, "MOODY'S"). All rights reserved. CREDIT RATINGS ARE MOODY'S INVESTORS SERVICE, INC.'S ("MIS") CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES. MIS DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT ME
Read morePRESS RELEASE: Moody's Abcp Rating Actions Ending June 7, 2010
9th Jun 2010 17:32
The following is a press release from Moody's Investors Service: New York, June 09, 2010 -- Moody's ABCP rating actions for the seven-day period ended June 7, 2010 THE RATINGS OF THE FOLLOWING ABCP PROGRAMS WERE AFFIRMED AT PRIME-1 DURING THE PERIOD JUNE 1, 2010 THROUGH JUNE 7, 2010: SYNDIC
Read moreBanks Still Aim To Cut UK Property Loans But See No Sales Soon
9th Jun 2010 16:24
By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--While U.K. banks are still seeking to reduce their commercial property loan books, industry experts aren't holding their breath for waves of property disposals and urged potential buyers to be patient. Speaking at Savills PLC's (
Read moreUPDATE: RBS Plans 3-Yr Euro Covered Bond At Swaps +125 Area
9th Jun 2010 09:31
(Adds background, details, comment) by Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Royal Bank of Scotland Group PLC (RBS) is planning its first ever issue of covered bonds, a syndicate official at the bank said Wednesday. Guidance on the three-year, euro-denominated deal ha
Read moreLondon close: Footsie at 2-week low
8th Jun 2010 16:14
London fell for the third session in a row Tuesday, damaged by a further slump at BP and as a wave of selling sank the banking sector. Comments from ratings agency Fitch about Britain's "formidable" budget deficit didn't go down well, but it was BP that stood out, hitting a 20-month low as the flow
Read moreLondon afternoon: Miners revival not enough
8th Jun 2010 14:40
Footsie staged a small revival over the lunch time session, helped by a recovery by mining stocks, but the majority of FTSE 100 constituents are still in the red with laggards outnumbering leaders by three to one. BP is again among the worst performers as US president Barack Obama said he'd sack t
Read morePRESS RELEASE: Moody's Confirms Aa2 Rating Of -2-
8th Jun 2010 13:49
MCO and rated entities, and between entities who hold ratings from MIS and have also publicly reported to the SEC an ownership interest in MCO of more than 5%, is posted annually at www.moodys.com under the heading "Shareholder Relations - Corporate Governance - Director and Shareholder Affiliation
Read morePRESS RELEASE: Moody's Confirms Aa2 Rating Of Achmea Hypotheekbank's Mortgage Covered Bonds
8th Jun 2010 13:49
The following is a press release from Moody's Investors Service: London, 08 June 2010 -- Moody's Investors Service has taken the following rating action on the covered bonds issued by Achmea Hypotheekbank N.V. (Achmea or the issuer) under its Dutch mortgage covered bond programme (the Programme):
Read moreLondon midday: Blue chips struggle
8th Jun 2010 12:35
Blue chips struggled all morning with BP under the cosh again and investors surprised by the retirement of Tesco boss Sir Terry Leahy. BP is again among the worst performers as US president Barack Obama said he'd sack the British company's chief executive Tony Hayward. In an interview with NBC to b
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