UPDATE: JP Morgan To Close RBS Sempra Deal July 1 - Source
24th Jun 2010 16:15
(Adds details.) By Andrea Hotter Of DOW JONES NEWSWIRES LONDON (Dow Jones)--JPMorgan Chase & Co.'s (JPM) acquisition of the European and Asian parts of RBS Sempra Commodities is scheduled to close July 1, people familiar with the matter said Thursday. The $1.7 billion deal, formally
Read moreJP Morgan To Close RBS Sempra Commodities Deal July 1 -Source
24th Jun 2010 16:10
By Andrea Hotter Of DOW JONES NEWSWIRES LONDON (Dow Jones)--JPMorgan Chase & Co.'s (JPM) acquisition of the European and Asian parts of RBS Sempra Commodities is scheduled to close July 1, people familiar with the matter said Thursday. The $1.7 billion deal, formally announced in Februar
Read moreADR Report: Shares Close Mostly Flat On Cautious Outlook
23rd Jun 2010 22:11
By Victoria Finkle Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York ended close to flat Wednesday, following a fitful session during which the U.S. Federal Reserve kept interest rates low and took a cautious stance on the economic outlook. The Bank
Read moreFinancial News: How Budget Tax Measures Will Affect The Banks
23rd Jun 2010 14:37
By Dominic Elliott Of FINANCIAL NEWS Measures announced as part of the U.K.'s emergency Budget will provide a fillip to Lloyds Banking Group's (LYG) business by the year 2012 and will hit earnings at the country's other four large universal banks by "just" GBP56 million on average--or less t
Read moreFTSE 100 movers: Banks move higher
23rd Jun 2010 14:13
The banks are rising again today even though they were hit by a new tax yesterday. Royal Bank of Scotland and Lloyds are both higher. BP is also heading higher now that Bob Dudley is taking control of the day-to-day handling of the Gulf of Mexico oil leak crisis from chief executive Tony Hayward.
Read moreCEZ Prices EUR500 Million 4.5% 10-Year Bond At 99.11
23rd Jun 2010 13:39
LONDON (Dow Jones)--Czech electricity company CEZ AS (BAACEZ.PR) has priced its EUR500 million, 10-year bond at 167 basis points over midswaps, a bank running the sale said Wednesday. Citigroup Inc., Credit Agricole SA, Deutsche Bank AG, Erste Bank Group AG and the Royal Bank of Scotland were le
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
23rd Jun 2010 13:23
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] 1223 GMT [Dow Jones] The impact of the proposed bank levy on UK banks is likely to be minimal and much more benign than th
Read moreMARKET TALK: Levy Impact On UK Banks Minimal - Matrix
23rd Jun 2010 13:23
1223 GMT [Dow Jones] The impact of the proposed bank levy on UK banks is likely to be minimal and much more benign than the worst-case scenario some market participants may have been expecting, says Matrix Group. In particular, reckons concerns about Lloyds Banking Group (LLOY.LN) being significantl
Read moreCEZ Sets Final Terms On EUR500M 10-Year Bond At Swaps +1.67
23rd Jun 2010 11:05
LONDON (Dow Jones)--Czech electricity company CEZ AS (BAACEZ.PR) has set final price guidance on its EUR500 million, 10-year bond at 167 basis points over midswaps, a bank running the sale said Wednesday. This is at the tight end of initial guidance set at 167-170 basis points over midswaps.
Read moreCEZ Plans EUR500 Million 10-Year Bond Issue
23rd Jun 2010 09:03
LONDON (Dow Jones)--Czech electricity company CEZ AS (BAACEZ.PR) is planning to launch a EUR500 million, 10-year bond via lead managers Citigroup Inc., Credit Agricole SA, Deutsche Bank AG, Erste Bank Group AG and the Royal Bank of Scotland, one of the banks said Wednesday. The size of the bond
Read moreMARKET TALK: UK Banks To Pay GBP1.1B In 2011 In New Tax
23rd Jun 2010 07:49
0649 GMT [Dow Jones] U.K. banks will have to pay a combined GBP1.1 billion next year and GBP1.9 billion in 2012 in new taxes imposed by the U.K. government, JP Morgan estimates. Adds this is 4% and 5% of group earnings for those years, respectively. Says the levy is "less punitive" than expected, wi
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
23rd Jun 2010 07:49
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0649 GMT [Dow Jones] U.K. banks will have to pay a combined GBP1.1 billion next year and GBP1.9 billion in 2012 in new taxes
Read moreMARKET TALK: Lloyds Banking Seen Benefiting From Budget
23rd Jun 2010 07:21
0621 GMT [Dow Jones] The levy on banks imposed by the UK Chancellor is not as bad as expected and there is the further relief in the form of an unexpected cut in the corporate tax rate, says Citigroup. Lloyds Banking Group (LLOY.LN) is the clear winner in the budget. It estimates the net effects on
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
23rd Jun 2010 07:21
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0621 GMT [Dow Jones] The levy on banks imposed by the UK Chancellor is not as bad as expected and there is the further relie
Read moreHEARD ON THE STREET: UK Levy Not Too Taxing For Banks
22nd Jun 2010 19:13
By Simon Nixon A DOW JONES COLUMN Following an election in which bank-bashing figured prominently, the U.K. banking sector can count itself lucky with the coalition government's emergency budget. Although Chancellor George Osborne is pushing ahead unilaterally with a bank levy, it is only ex
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