RBS To Price EUR1.25 Billion 5-Year Bond At Swaps +2.80
8th Jul 2010 15:11
LONDON (Dow Jones)--Royal Bank of Scotland Group PLC (RBS) has set final price guidance on its EUR1.25 billion, five-year bond at 280 basis points over midswaps, a syndicate official at the bank said Thursday. This is in line with the initial guidance. RBS is the sole lead manager on the dea
Read moreBanque PSA Prices EUR500M 4% 3-Year Bond At 99.549
8th Jul 2010 15:09
LONDON (Dow Jones)--Banque PSA, the financial unit of French auto maker Peugeot SA (UG.FR), has priced its three-year, EUR500 million bond at 250 basis points over midswaps, one of the banks working on the deal said Thursday. Banco Bilbao Vizcaya Argentaria SA, Credit Agricole SA, HSBC Holdings
Read moreContinental Sets Size, Price Guidance On High-Yield Bond
8th Jul 2010 14:52
LONDON (Dow Jones)--German tire maker Continental AG's (CON.XE) planned 2015-dated high-yield bond will be at least EUR750 million in size and will have a yield of between 8.75% and 9%, one of the banks working on the deal said Thursday. Citigroup Inc. and the Royal Bank of Scotland Group PLC a
Read moreLondon afternoon: Footsie on fire
8th Jul 2010 14:13
Bullish banks and rising commodity prices have sparked a fresh rally, taking this week's recovery near to 300 points and the leading index to its highest in nine days. Growing optimism about the European bank stress tests and yesterday's forecast upgrade by American peer State Street had buyers all
Read moreRBS Sets Pricing On Five-Year Euro Bond At Swaps +2.80 Area
8th Jul 2010 12:25
LONDON (Dow Jones)--Royal Bank of Scotland Group PLC (RBS) has set price guidance on its five-year, euro-denominated benchmark bond in the area of 280 basis points over midswaps, a syndicate official at the bank said Thursday. RBS is the sole lead manager on the deal, which is expected to price
Read moreLondon midday: Banks buoyed by IMF report
8th Jul 2010 12:03
Leading shares resumed their upward trek late in the morning session, with banks leading the advance ahead of the announcement of the Bank of England's rate decision announcement. The Bank kept interest rates unchanged at 0.5%, as expected Buyers have been chasing bank prices higher after the Inter
Read moreNew Venture To Bid For UK Government Bank Assets - Report
8th Jul 2010 10:32
LONDON (Dow Jones)--The chairman of Lloyd's of London together with the man who last year led a review of corporate governance in the banking sector are backing plans by institutions to buy one of the banks owned by U.K. taxpayers, Sky News reports Thursday. Lord Peter Levene and Sir David Walke
Read moreEU to stress test 91 banks
8th Jul 2010 10:05
All four of the UK's big banks are on a list to be 'stress-tested' by the European Union to measure their ability to withstand another major financial shock in future. HSBC, Royal Bank of Scotland, Lloyds and Barclays are among 91 banks selected by the EU to face scrutiny, a much greater number tha
Read moreBanque PSA Plans Euro Benchmark 3-Year Bond
8th Jul 2010 09:52
LONDON (Dow Jones)--Banque PSA, the financial unit of French auto maker Peugeot SA (UG.FR), is planning a three-year, euro-denominated, benchmark bond, one of the banks working on the deal said Thursday. Banco Bilbao Vizcaya Argentaria SA, Credit Agricole SA, HSBC Holdings PLC and Royal Bank of
Read moreEuropean Banks Higher After CEBS Details Stress Tests
8th Jul 2010 09:12
By Maarten van Tartwijk Of DOW JONES NEWSWIRES AMSTERDAM (Dow Jones)--European banking shares opened higher Thursday after Europe's banking regulator gave the first details of stress tests that will examine how the sector would stand up to a renewed financial crisis. The tests will look
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
8th Jul 2010 08:58
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0758 GMT [Dow Jones] Expectations that a stress test on U.K. banks will show positive results, added to good banking earni
Read moreMARKET TALK: UK Banks Up On Stress-Test Assurance, US Bank News
8th Jul 2010 08:58
0758 GMT [Dow Jones] Expectations that a stress test on U.K. banks will show positive results, added to good banking earnings news from the U.S., are lifting banks, analysts say. "The (test) results may turn market sentiment around by increasing the visibility for the EU banking sector, where uncert
Read moreLondon open: Banks and miners lead advance
8th Jul 2010 08:17
London's top stocks got off to a flying start, up around 1% in early dealings, with banks and miners leading the way. Royal Bank of Scotland and Barclays have both added more than 4%, closely followed by Lloyds Banking, up just under 4%. Among the miners, Antofagasta, Xstrata and Kazakhmys are in d
Read moreUPDATE: Bank Watchdog Lays Out Key Features Of EU Stress Tests
7th Jul 2010 20:09
By Carolyn Henson Of DOW JONES NEWSWIRES BRUSSELS (Dow Jones)--Europe's banking supervisor late Wednesday named the 91 banks that it will test for resilience to further market and credit risks and laid out the key features included in the tests. The Committee of European Banking Supervis
Read moreEU Watchdog Names Banks, Main Criteria For Bank Stress Tests
7th Jul 2010 19:19
BRUSSELS (Dow Jones)--Europe's banking supervisor late Wednesday named the 91 banks that it will test for resilience to further market and credit risks and laid out the key features included in the tests. The Committee of European Banking Supervisors said banks being tested represent 65% of the
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