2nd 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 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 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 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 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 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 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
Read moreFTSE 100 movers: Bank shares slump
25th May 2010 15:26
Concerns about the banking sector in the EU have hit Footsie and there are no risers today. The London Interbank Offered Rate has been rising because of worries about the health of the banking system. In Spain, regulators are plotting consolidation in the Spanish banking sector. Lloyds Banking,
Read moreLondon afternoon Markets in full-scale retreat
25th May 2010 14:35
Shares are in full-scale retreat around the World with the Dow over 250 points lower soon after the opening bell. London is lower by a similar amount in percentage terms, as concerns over a possible bail-out of Spain and growing military tensions between North and South Korea. Moves by Spanish reg
Read moreLondon midday: Prices bottom out
25th May 2010 12:02
The FTSE 100 dived below the 5,000 level in the first few minutes of trading and at one point in the morning session dipped briefly below 4,900 but prices have now stabilised. Though it is scant consolation, London is not alone in shifting violently into reverse gear, as increasing fears about a p
Read moreSpain panic sparks sell-off
25th May 2010 09:22
Increasing fears about a possible bailout of Spain and growing military tensions between North and South Korea have sent global stock markets crashing again. Banks and miners were the main casualties in Europe. Spain's Banco Popular is more than 8% lower, while Societe Generale, Credit Agricole an
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