Seven banks fail European stress test
23rd Jul 2010 17:14
EU lenders have been given a largely clean bill of health when European banking regulators released the results of their so-called stress test on Friday. According to the eagerly anticipated results, 84 out of the tested 91 European banks would be able to cope with future economic blow-ups. German
Read moreRBS In Exclusive Talks With Advent,Bain For Worldpay -Sources
23rd Jul 2010 14:41
By Marietta Cauchi and Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Royal Bank of Scotland Group PLC (RBS) is in exclusive talks with Advent International Corp. and Bain Capital LLC for the sale of its Global Merchants Services division, people familiar with the situation sai
Read moreDSGI Prices GBP150 Million 8.75% 5-Year Bond At 99.007
23rd Jul 2010 10:59
LONDON (Dow Jones)--Electrical and computing retailer DSG International PLC (DSGI.LN) has priced its GBP150 million, five-year bond, a bank running the sale said Thursday. Barclays Capital, BNP Paribas SA, Citigroup Inc., HSBC Holdings and the Royal Bank of Scotland PLC were leading the deal, wh
Read moreMARKET TALK: Ten Out Of 91 Banks To Fail Stress Tests - Survey
23rd Jul 2010 09:10
0810 GMT [Dow Jones] Ten out of 91 institutions will not pass the European bank stress tests, according to a survey conducted by Goldman Sachs, which closed 24 hours before the 1600 GMT release of the results. Banks in Spain, Germany and Greece are expected to raise the most fresh capital. Meanwhile
Read moreBank stress test pandemonium expected
23rd Jul 2010 08:38
No nipping off on holiday for bank analysts this weekend, as today sees the publication of the results of how ninety-one European banks would fare if another economic crisis blew-up. The Committee of European Banking Supervisors (CEBS) said the stress tests assumes a double-dip recession with the e
Read moreBoskalis Completes USD 450M Inaugural US Private Placement
23rd Jul 2010 07:48
AMSTERDAM (Dow Jones)--Dutch Company Royal Boskalis (BOKA.AE) said Friday that it successfully closed an inaugural USD450 million US private placement notes program with 26 institutional investors in the United States and United Kingdom. MAIN FACTS: -The significantly oversubscribed progra
Read more4thUPDATE:Dubai World $23.5B Debt Talks End, No Deal In View
22nd Jul 2010 15:32
(Adds comments.) By Oliver Klaus, Summer Said and Tahani Karrar-Lewsley Of ZAWYA DOW JONES DUBAI (Zawya Dow Jones)--A long awaited meeting between Dubai World and its creditors ended Thursday with little hope of an immediate agreement to restructure $23.5 billion of the conglomerate's
Read moreABS Market Suffers New Blow From Financial Regulation Revamp
22nd Jul 2010 12:37
(This article was originally published Wednesday.) By Anusha Shrivastava Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The $1.4 trillion markets for bonds backed by consumer loans and commercial mortgages were thrown deeper into turmoil Wednesday over uncertainty about a provision of the
Read moreUK Govt: RBS Insurance Plan May Trigger Small Payout In 2015
22nd Jul 2010 11:54
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K. government said Thursday that it might have to pay out "a relatively small amount" to 83%-state owned Royal Bank of Scotland Group PLC (RBS) in 2015 under an insurance scheme to protect the bank from loan and investment
Read moreDSGI To Close Books Early On GBP150 Million Five-Year Bond
22nd Jul 2010 11:25
LONDON (Dow Jones)--Electrical and computing retailer DSG International PLC (DSGI.LN) will close the order books on its expected GBP150 million, five-year bond at 1100 GMT, earlier than originally stated, one of the banks running the sale said Thursday. The issue, which is expected to launch and
Read moreSantander plans £3bn London float, reports
22nd Jul 2010 07:53
Spanish bank Santander is reportedly planning a listing of its UK operations on the London Stock Exchange in move that could raise up to £3bn. The Financial Times says the lender could list on the main market as soon as this autumn to fund further expansion. Santander is planning to float around 2
Read moreSantander To List UK Operations In Fall -FT
21st Jul 2010 23:37
DOW JONES NEWSWIRES Spain's Banco Santander SA (SAN.MC) is preparing to list its U.K. operations this fall on the London Stock Exchange as it seeks to finance a deal to buy 318 U.K. branches from Royal Bank of Scotland PLC (RBS), the Financial Times reports Wednesday on its website. The ban
Read moreABS Market Suffers New Blow From Financial Regulation Revamp
21st Jul 2010 22:46
By Anusha Shrivastava Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The $1.4 trillion markets for bonds backed by consumer loans and commercial mortgages were thrown deeper into turmoil Wednesday over uncertainty about a provision of the financial regulatory overhaul requiring public disclosu
Read moreCrown European Holdings Sells EUR500M 7.125% 8Y NC4 Bond At Par
21st Jul 2010 18:47
LONDON (Dow Jones)--Packaging products supplier Crown European Holdings SA has priced a EUR500 million bond via joint-lead managers Bank of America Merrill Lynch, Barclays PLC, BNP Paribas SA, Citigroup, Deutsche Bank AG and Royal Bank of Scotland Group PLC, with the following terms, one of the bank
Read moreGermany's Eurohypo Taps 3.75% 2016 Covered Bond For EUR175M
21st Jul 2010 15:55
LONDON (Dow Jones)--Germany's Eurohypo tapped its existing 3.75% 2016 covered bond for another EUR175 million Wednesday, one of the banks lead-managing the sale said. BayernLB, Commerzbank AG, DZ Bank, Deutsche Bank AG, LBBW, the Royal Bank of Scotland Group PLC, UBS AG and WestLB AG led the dea
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