UPDATE: SEB Sells German Retail Banking To Santander For EUR555M
12th Jul 2010 08:38
(Adds detail, background.) By Ulrike Dauer Of DOW JONES NEWSWIRES Swedish bank Skandinaviska Enskilda Banken AB (SEB-A.SK) Monday said it had reached a deal to sell its German retail network to Spain's largest bank, Banco Santander SA (STD), for EUR555 million. The news confirms a
Read moreKent Reliance confirms Flowers deal
12th Jul 2010 08:05
Building society Kent Reliance has confirmed talks are underway with US private equity firm JC Flowers, which intends to use it to create a new force in UK high street banking. Flowers will invest £50m for a 49% stake in a new holding company. Under the deal, the building society will remain a mutu
Read morePRESS RELEASE: DBRS Confirms Citizens Financial Group, Inc. at 'A'; Trend Stable
9th Jul 2010 19:59
DBRS(R) As It Happens JULY 9, 2010 02:55 PM Press Releases (http://www.dbrs.com) DBRS Confirms Citizens Financial Group, Inc. at 'A'; Trend Stable DBRS has today confirmed all ratings of Citizens Financial Group, Inc. (Citizens or the Company) and its related bank subsidiaries,
Read moreContinental Prices EUR750M 2015 Bond At 99.0047 To Yield 8.75%
9th Jul 2010 17:42
LONDON (Dow Jones)--German tire maker Continental AG (CON.XE) has priced its EUR750 million, 2015, high-yield bond through joint lead bookrunners Citigroup Inc. and the Royal Bank of Scotland Group PLC, one of the banks said Friday. Terms are as follows: Amount: EUR750 million Maturi
Read morePhoenix Pharmahandel EUR506M 4-Year Bond To Yield 10%
9th Jul 2010 17:05
LONDON (Dow Jones)--German pharmaceutical distribution company Phoenix Pharmahandel GmbH's new EUR506 million, four-year, high-yield bond is to yield 10%, one of the banks working on the deal said Friday. Joint bookrunners on the deal are Deutsche Bank AG, Bayerische Landesbank, Commerzbank AG,
Read more2nd UPDATE: Europe Banks Tap Bond Market As Sentiment Improves
9th Jul 2010 16:28
(Adds information, comment) By Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--European banks are taking advantage of better sentiment in bond markets to raise money after sovereign bond market volatility limited issuance in May and June. HSBC Bank PLC of the U.K. sold a EUR1.5
Read moreUPDATE: European Banks Tap Bond Markets As Sentiment Improves
9th Jul 2010 16:04
(Adds information, background, comment) By Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--European banks are taking advantage of better sentiment in bond markets to raise money after sovereign bond market volatility limited issuance in May and June. HSBC Bank PLC of the U.K. s
Read moreUK DMO: To Reopen 0.625% 2040 Index-Linked Gilt In July
9th Jul 2010 15:46
LONDON (Dow Jones)--The syndicated, index-linked U.K. gilt issue planned for July will be a reopening of the 0.625% index-linked gilt due 2040, the U.K. Debt Management Office said Friday. The DMO expects the sale to take place in the second half of the month, subject to market conditions. T
Read morePhoenix Pharmahandel Sets Pricing On EUR500M Bond At 10% Area
9th Jul 2010 11:34
LONDON (Dow Jones)--Price guidance has been set on German pharmaceutical distribution company Phoenix Pharmahandel GmbH's planned EUR500 million, four-year, high-yield bond in the area of 10%, one of the banks working on the deal said Friday. The senior, unsecured notes are expected to price lat
Read moreCORRECT: New Venture To Bid For UK Government Bank Assets -Report
8th Jul 2010 17:33
("New Venture To Bid For UK Government Bank Assets -Report," at 1032 GMT, misstated the nature of the likely bid in the first and third paragraph. The correct version follows:) LONDON (Dow Jones)--The chairman of Lloyd's of London together with the man who last year led a review of corporate go
Read moreRBS Prices EUR1.25B 4.875% 2015 Bond At 99.978, Swaps +2.80
8th Jul 2010 17:13
LONDON (Dow Jones)--Royal Bank of Scotland Group PLC (RBS) has priced a euro-denominated, senior unsecured bond issue, in a self-led transaction, with the following terms, a syndicate official at the bank said Thursday: Amount: EUR1.25 billion Maturity: July 15, 2015 Coupon:
Read moreIPO WATCH: Ocado, New UK Bank Investment Fund Stoke Interest
8th Jul 2010 17:02
By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Europe's market for initial public offerings was off to a slow start for the second half, as the approach of the traditional summer lull kept most potential issuers on the sidelines. Existing deals moving through the IPO proce
Read moreLondon close: Footsie powers forward
8th Jul 2010 16:59
Footsie's strong recovery continued for a third day with the blue chip index closing above 5,100 driven by buoyant financial services companies. The index is up by more than 300 points this week and to its highest in nine days. Growing optimism about the European bank stress tests and yesterday's
Read moreUK DMO Plans 20-30 Year Syndicated Index-Linked Gilt Sale
8th Jul 2010 15:47
LONDON (Dow Jones)--The U.K. Debt Management Office has hired Deutsche Bank AG, Goldman Sachs International, HSBC Bank PLC and the Royal Bank of Scotland to lead manage the issue of a new index-linked gilt maturing in 20 to 30 years in the second half of July, the DMO said in a release Thursday.
Read moreFTSE 100 movers: Banks move higher
8th Jul 2010 15:21
Financials are pushing Footsie higher. Growing optimism about the European bank stress tests and yesterday's forecast upgrade by American peer State Street had buyers all over Lloyds Banking, Royal Bank of Scotland and Barclays. All three banks will be stress tested by the EU. Royal Dutch Shell
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