Santander CEO Rules Out Issuing Capital To Pay For Buys
29th Jul 2010 12:31
MADRID (Dow Jones)--Banco Santander SA (STD) won't raise capital to pay for a recent string of acquisitions, Chief Executive Alfredo Saenz said Thursday. Speaking at a press conference, Saenz said that the bank has enough "internal resources" to pay for the purchases it has made in recent months
Read moreMetro Bank Opens Its Door In Bid To Change Face Of UK Banking
29th Jul 2010 11:28
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Metro Bank PLC, the brainchild of U.S. entrepreneur Vernon Hill, opened its first branch Thursday in a bid to become a major player in the U.K., but banking experts said its success will depend on how much emphasis customers wi
Read moreGazprombank Plans Four-Year Dollar Benchmark Bond Issue
29th Jul 2010 10:52
LONDON (Dow Jones)--Russia's Gazprombank (GZPR.RS), the financing arm of natural gas monopoly OAO Gazprom (GAZP.RS), is planning to issue a four-year, dollar-denominated benchmark bond, one of the banks running the sale said Thursday. Barclays Capital, UBS AG (UBS) and the Royal Bank of Scotland
Read moreSantander CEO Expects RBS Branch Sale To Close In Coming Weeks
29th Jul 2010 09:35
MADRID (Dow Jones)--Royal Bank of Scotland Group PLC (RBS) could wrap up the sale of 318 U.K. branches in the coming weeks, Banco Santander SA (STD) Chief Executive Alfredo Saenz said Thursday. Santander was the sole bidder for the branches, estimated to be worth around GBP1.8 billion. A person
Read moreRBS, 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 moreUPDATE: McDonald's Launches $750 Million Bond Deal >MCD
28th Jul 2010 21:32
(Adds pricing terms and chart) By Chris Dieterich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--McDonald's Corp. (MCD) was selling a $750 million bond in two parts Wednesday, its first debt sale in more than a year and a half. The fast-food giant priced $450 million in 10-year notes a
Read moreMcDonald's Launches $750 Million Bond Deal >MCD
28th Jul 2010 19:26
By Chris Dieterich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--McDonald's Corp. (MCD) was selling a $750 million bond in two parts Wednesday, its first debt sale in more than a year and a half. The fast-food giant launched $450 million in 10-year notes at 55 basis points over comparable
Read moreLondon close: Thumbs down for company updates
28th Jul 2010 16:36
Company updates gave traders plenty to mull over and after an uncertain start to the day, shares closed firmly in the red. Centrica slipped even after the British Gas owner's underlying interim profits jumped 65%. Earnings in the half-year to June rose to £886m from £537m on revenues of £11.7bn, ba
Read moreLondon afternoon: US durable goods blow for equities
28th Jul 2010 14:56
With US markets opening on a weak note leading stocks in London have continued their downward drift. US stocks fell back after US durable goods orders in June fell for a second successive month. June's 1% fall was in contrast to expectations of a rise of similar magnitude. Centrica is in retreat ev
Read moreLondon midday: Shares turn south
28th Jul 2010 12:17
Mining stocks are doing their bit to shore up the Footsie but the majority of leading shares are now in retreat, including most of the big names that issued corporate updates today. Higher metal prices boost demand for miners such as Xstrata, Vedanta and BHP Billiton. Rio Tinto is also wanted after
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 moreLondon open: Footsie higher after results flood
28th Jul 2010 08:47
London's blue chips have opened despite a mixed reception to some of the announcements on another busy day for company results. Banks are still going well after the reports yesterday that new capital requirements might be less onerous than previously expected. Royal Bank of Scotland and Barclays ar
Read morePakistan Central Bank OKs Sale Of RBS Local Operations To Faysal Bank
28th Jul 2010 08:36
KARACHI (Dow Jones)--Pakistan's central bank has approved the purchase of Royal Bank of Scotland Group PLC's (RBS) local operations by Faysal Bank Ltd. (FABL.KA), Syed Wasimuddin, spokesman of the State Bank of Pakistan said Wednesday. Faysal Bank has agreed to buy a 99.37% stake in the Pakistan
Read moreRBS Hires 4 From Merrill Lynch To Boost Asian Equities Business
28th Jul 2010 05:12
HONG KONG (Dow Jones)--Royal Bank of Scotland Group PLC (RBS) said Wednesday it hired four bankers from Bank of America Merrill Lynch to boost its Asia equity derivative and structured products business. Peter Irvine, head of Asian equities and structured retail, said Abhinav Gorawara has been n
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