RBS In Talks To Sell Argentina Ops To Banco Comafi - Report
9th Jun 2010 14:49
LONDON (Dow Jones)--Royal Bank of Scotland Group PLC (RBS) is in "advanced talks" to sell its operations in Argentina, Sky News television reports Wednesday. RBS, which is 83% state-owned after it was bailed out during the financial crisis, is talking with Banco Comafi SA, Sky says, without citi
Read moreRBS Prices EUR1.25 Bln 2013 2.75% Covered Bond At 99.909
9th Jun 2010 14:46
LONDON (Dow Jones)--Royal Bank of Scotland Group PLC (RBS) has priced its EUR1.25 billion, 2013-dated covered bond at 125 basis points over midswaps, a bank running the transaction said Wednesday. Barclays PLC, Danske Bank A/S, RBS, Societe Generale SA and UniCredit SpA were joint-lead managers
Read moreECB WATCH: Higher 2010 Inflation, GDP Won't Prompt Rate Move
9th Jun 2010 13:20
By Nina Koeppen Of DOW JONES NEWSWIRES FRANKFURT (Dow Jones)--European Central Bank President Jean-Claude Trichet on Thursday will defend the ECB's turnaround on buying sovereign debt and present fresh economic projections for the euro zone. With the ECB expected to keep its benchmark r
Read more2nd UPDATE: RBS To Sell EUR1.25B Three-Year Covered Bond
9th Jun 2010 13:13
(Updates pricing information, adds detail.) By Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Royal Bank of Scotland Group PLC (RBS) has set the final terms on its inaugural covered bond issue, a banker involved in the transaction said Wednesday. The three-year deal will be EU
Read moreEXTRA CREDIT: Consumer Loan-Backed Market Grinds To Halt
9th Jun 2010 12:36
(This article was originally published Tuesday.) By Anusha Shrivastava A DOW JONES NEWSWIRES COLUMN NEW YORK (Dow Jones)--Not a single new consumer loan-backed bond has been sold in two and a half weeks, as broader market volatility and regulatory changes have muffled the $700 billion ma
Read morePAI Partners Buys Cerba European Lab From IK Investment
9th Jun 2010 12:14
LONDON (Dow Jones)--PAI Partners Wednesday said it has bought clinical testing company Cerba European Lab from IK Investment Partners, in the latest example of buyout firms selling companies to each other. Financial details of the transaction weren't disclosed. France-based Cerba European La
Read moreBanca Monte dei Paschi Announces Covered Bond Program - Source
9th Jun 2010 10:39
LONDON (Dow Jones)--Italy's Banca Monte dei Paschi di Siena SpA (BMPS.MI) is setting-up a covered bond program, a person familiar with the matter said Wednesday. The covered bonds will be issued under the Italian covered bond legal framework and backed by a pool of Italian eligible residential
Read moreUPDATE: RBS Plans 3-Yr Euro Covered Bond At Swaps +125 Area
9th Jun 2010 09:31
(Adds background, details, comment) by Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Royal Bank of Scotland Group PLC (RBS) is planning its first ever issue of covered bonds, a syndicate official at the bank said Wednesday. Guidance on the three-year, euro-denominated deal ha
Read moreLondon open: Early gains for blue chips
9th Jun 2010 08:50
London's blue chips have opened firmer after yesterday's rebound by Wall Street. Royal Bank of Scotland is going well on a report in the FT that the state-owned bank has drawn up a shortlist for two key businesses that are expected to fetch about £4bn. BP, though, is lower with investors still con
Read moreRBS Plans 3-Yr Euro Covered Bond At Swaps +125 Area
9th Jun 2010 08:23
LONDON (Dow Jones)--Royal Bank of Scotland Group PLC (RBS) is planning its first ever issue of covered bonds, a syndicate official at the bank said Wednesday. Guidance on the three-year, euro-denominated deal has been set in the area of 125 basis points over mid-swaps. RBS met investors to d
Read moreWednesday newspaper round-up: BP, Bank Tax, Prudential
9th Jun 2010 06:34
A further £4bn was wiped off BP's market value yesterday after President Obama mounted his strongest attack yet on the company's management, fuelling speculation that Carl-Henric Svanberg, BP's chairman, could be sacrificed in the wake of the Gulf of Mexico oil spill. Shares in BP sank a further 5%
Read moreCredit Markets: Europe Continues To Cloud Credit Markets
8th Jun 2010 21:42
By Chris Dieterich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Worries over Europe continue to keep hesitant investors' cash on the sidelines. Fitch Ratings said Tuesday that the U.K. faces a "formidable" challenge in returning to fiscal austerity. The news from Fitch has further stirred up
Read moreUPDATE:EXTRA CREDIT: Consumer Loan-Backed Mkt Grinds To Halt
8th Jun 2010 21:14
(Adds description of the bonds in first paragraph.) By Anusha Shrivastava A DOW JONES NEWSWIRES COLUMN NEW YORK (Dow Jones)--Not a single new consumer loan-backed bond has been sold in two and a half weeks, as broader market volatility and regulatory changes have muffled the $700 billion
Read moreEXTRA CREDIT: Consumer Loan-Backed Market Grinds To A Halt
8th Jun 2010 20:19
By Anusha Shrivastava A DOW JONES NEWSWIRES COLUMN NEW YORK (Dow Jones)--There's a deafening silence in the consumer loan-backed bond market as broader market volatility and regulatory changes have muffled the sale of new issues, which help credit flow in the economy. No new bonds have b
Read moreCost Of Insuring Debt by Europe Financials Widening On Exposure Fears
8th Jun 2010 16:26
DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The cost of insuring debt issued by major investment banks in Europe rose Tuesday as fresh fears of lenders' exposure in the continent surfaced. Investors' concern about general weakness among financial firms in the region was driving the market, sa
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