UK Banks Cautiously Welcome EU Bonus Rules After 2009 Changes
1st Jul 2010 12:54
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. banks could gain from a new set of rules on banker bonuses being discussed by European Union governments, after the country unilaterally applied stricter rules on pay last year, people familiar with the situation said Thurs
Read moreUPDATE: Barcap Aims For Slice Of Swiss Franc Bond Market
1st Jul 2010 11:52
(Adds detail) By Katharina Bart Of DOW JONES NEWSWIRES ZURICH (Dow Jones)--Barclays PLC (BCS) said Thursday it will widen operations in Switzerland with several new hires to begin underwriting and trading Swiss franc bonds from Zurich, part of a move to bolster investment-banking service
Read moreABS Issuance Perks Up Ahead Of Quarter's End
30th Jun 2010 18:26
By Prabha Natarajan Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--A handful of asset-backed securities backed by loans to consumers hit the market this week, as banks try to clear their books ahead of quarter's end. More than $5.326 billion of such deals were announced and are expected to
Read moreSberbank Sets Pricing On Five-Year USD Bond In Swaps +3.50 Area
30th Jun 2010 14:46
LONDON (Dow Jones)--OAO Sberbank, (SBER.RS) Russia's largest lender, has set price guidance on its five-year, dollar-denominated benchmark bond in the area of 350 basis points over midswaps, one of the banks running the sale said Wednesday. DZ Bank, JP Morgan and Royal Bank of Scotland Group PLC
Read moreFirstCity In New Investment Deal With Varde, Inks Loan Pact
30th Jun 2010 13:03
DOW JONES NEWSWIRES FirstCity Financial Corp. (FCFC) announced it has refinanced credit lines and reached a deal to team up with fellow distressed-asset investor Varde Investment Partners LP. The duo have worked together before, last month buying $207 million of assets from and a 9.9% stake
Read morePRESS RELEASE: Corrections To Text, 28 June 2010 -2-
29th Jun 2010 15:49
WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. All information contained herein is obtained by MOODY'S from sources believed by it to be accurate and reliable. Because of the possibility of human or mechanical error as well as
Read morePRESS RELEASE: Corrections To Text, 28 June 2010 Release: Moody's Affirms Abn Amro Bank At Aa3; Upgrades Fortis Bank (Nederland) To Aa3
29th Jun 2010 15:49
The following is a press release from Moody's Investors Service: BFSR of ABN AMRO Bank N.V. downgraded to C-, in line with Fortis Bank (Nederland) N.V. London, 29 June 2010 -- Substitute the ninth paragraph with the following: Junior subordinated debt under the EUR 40 billion EMTN note programme
Read moreNew UK GBP8B Syndicated Gilt Pricing At 4.25% 2039 Gilt +0.01
29th Jun 2010 14:35
LONDON (Dow Jones)--The U.K.'s new syndicated gilt issue, maturing Dec. 7, 2040, will price at one basis points over the existing 4.25% gilt maturing 2039, one of the banks running the sale said Tuesday. The transaction, which pays a 4.25% coupon, is being led by Barclays PLC, Morgan Stanley, No
Read moreUPDATE: Continental Eyes Market For Right Time To Launch Bond -Sources
29th Jun 2010 12:53
(Adds detail, background and comment.) By Carol Dean Of DOW JONES NEWSWIRES LONDON (Dow Jones)--German autoparts and tire maker Continental AG (CON.XE) is keeping a close eye on volatile markets for the right time to launch its high-yield bond, given that the company initially intended t
Read moreContinental Eyes Market For Right Time To Launch Bond -Sources
29th Jun 2010 12:35
By Carol Dean Of DOW JONES NEWSWIRES LONDON (Dow Jones)--German autoparts and tire maker Continental AG (CON.XE) is keeping a close eye on volatile markets for the right time to launch its high-yield bond, given that the company initially intended to issue the bond during the first half of 2
Read moreUPDATE: Private & Commercial In Funding Hunt To Grow Revenue
29th Jun 2010 10:58
(Adds executive comments, analyst comment and share price.) By Rachael Gormley Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. finance house Private & Commercial Finance Group PLC (PCF.LN) Tuesday said it is on the hunt for new funding that would allow it to write more business, improve
Read moreUPDATE: Sberbank Plans Five-Year USD Benchmark Bond-Source
29th Jun 2010 09:30
(Adds detail, background) By Art Patnaude Of DOW JONES NEWSWIRES LONDON (Dow Jones)--OAO Sberbank, (SBER.RS) Russia's largest lender, is planning at five-year, dollar-denominated benchmark bond, a person familiar with the matter said Tuesday. The lender hosted a series of investor me
Read moreUK Sets Guidance On 2040 Syndicated Gilt Issue
29th Jun 2010 09:27
LONDON (Dow Jones)--Guidance on the U.K.'s new syndicated gilt issue, maturing Dec. 7, 2040, has been set at one to three basis points over the existing 4.25% gilt maturing 2039, one of the banks running the sale said Tuesday. The new bond will also pay a 4.25% coupon. Barclays PLC, Morgan S
Read moreSberbank Mandates DZ Bank, JP Morgan, RBS For Eurobond -Report
29th Jun 2010 08:44
MOSCOW (Dow Jones)--Russia's largest lender OAO Sberbank (SBER.RS) has mandated three banks to organize a five-year eurobond, Interfax reported Tuesday citing an unnamed banking source. Interfax named the banks as DZ Bank, JP Morgan and Royal Bank of Scotland. Sberbank held a eurobond roadsh
Read more2nd UPDATE: Aflac Sells Greek Debt After Stock Decline
28th Jun 2010 22:18
(Updates with details about possible issuers, analyst comments) By Erik Holm Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Aflac Inc. (AFL) unloaded its holdings of Greek debt after the insurer's stock fell more than 20% on concern about European securities in its investment portfolio.
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