UK Bank Shares Gain Ground After Bank Levy News
22nd Jun 2010 15:22
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. bank shares gained ground Tuesday after the government's widely expected levy on the sector proved to be lower than expected, although industry groups warned it could still make U.K. banks less competitive than their foreig
Read moreUK Bank Group Warns New Levy Could Make UK Less Competitive
22nd Jun 2010 13:50
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The British Bankers' Association warned Tuesday that the U.K. government's move to impose a tax on banks could make the U.K. banking sector less competitive, and said it will work with authorities to ensure the levy won't affect
Read moreMARKET TALK: Banks Rise After Bank Levy Not As Bad As Feared
22nd Jun 2010 13:43
1243 GMT [Dow Jones] The FTSE 350 banks index comes off lows and Lloyds Banking Group storms higher, as the UK Chancellor brings his budget speech to a close. A trader says the bank levy announced in the budget will raise just GBP2bn a year, not upwards of GBP3B as had been speculated in some public
Read moreEffective Regulation, Not Tax, Key To Reducing Bank Risk-AFME
22nd Jun 2010 13:36
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The Association for Financial Markets in Europe said Tuesday that while it welcomed more details on the tax that the U.K. government will impose on the banks, effective regulation remains the most important tool to avoid future
Read moreStandard Chartered Sets Price Talk On 2015 Euro Benchmark Bond
22nd Jun 2010 11:58
LONDON (Dow Jones)--Standard Chartered PLC (STAN.LN) has set price guidance at 145-150 basis points over mid-swaps for its forthcoming benchmark sized, euro-denominated 2015-dated bond, one of the banks running the sale said Tuesday. JP Morgan Chase & Co., Societe Generale SA, Standard Chartered
Read moreStandard Chartered Plans Benchmark Euro 2015 Bond
22nd Jun 2010 10:51
LONDON (Dow Jones)--Standard Chartered PLC (STAN.LN) is planning a benchmark sized, euro-denominated 2015-dated bond, a bank working on the deal said Tuesday. JP Morgan Chase & Co, Societe Generale SA, Standard Chartered, and UBS AG are joint-lead bookrunners on the senior, unsecured deal. S
Read morePRESS RELEASE: S&P Revises Standard Chart. Bank Otlk To Stbl;A+/A-1 Rtgs Afmd
22nd Jun 2010 10:09
The following is a press release from Standard & Poor's: -- Standard Chartered Bank (SCB) has exceeded our previous expectations for its earnings and capitalization. -- We are therefore revising our outlook on SCB to stable from negative. At the same time, we are affirming the 'A+/A-1' co
Read moreGap Names Katherine Tsang To Board; Expands Its Size To 11
21st Jun 2010 22:09
By John Kell Of DOW JONES NEWSWIRES Gap Inc. (GPS) named to its board Katherine Tsang, a Standard Chartered PLC (2888.HK, STAN.LN) executive who brings international experience to the casual-apparel retailer as it prepares to tap China's surging consumer market. Chairman and Chief Execut
Read moreConsortium Raises SMK400 Bln For SABMiller's ZamBrew - I-Net
21st Jun 2010 10:57
JOHANNESBURG (I-Net Bridge)--A consortium consisting of Absa Capital/Barclays Bank Zambia PLC, Citibank N.A. and Standard Chartered Bank Zambia PLC acted as joint bookrunners and mandated lead arrangers for the raising of 400 billion Zambian kwacha term and revolving credit facilities on behalf of Z
Read moreUPDATE: Qatar Investment Authority To Invest US$2.8 Bln In AgBank HK IPO - Source
21st Jun 2010 10:54
(Updates with other cornerstone investors, listing details and background) By Nisha Gopalan Of DOW JONES NEWSWIRES HONG KONG (Dow Jones)--Middle Eastern sovereign wealth fund Qatar Investment Authority will be the single largest cornerstone investor in the Hong Kong portion of the US$2
Read moreQatar Investment Authority To Invest US$2.8 Bln In AgBank HK IPO - Source
21st Jun 2010 08:30
HONG KONG (Dow Jones)--Middle Eastern sovereign wealth funds Qatar Investment Authority and Kuwait Investment Authority are the biggest cornerstone investors in the Hong Kong portion of the US$20 billion-US$30 billion initial public offering by Agricultural Bank of China Ltd., one person familiar wi
Read moreBP Hires Advisers For GBP6.5 Bln Asset Sale - Report
18th Jun 2010 16:30
LONDON (Dow Jones)--BP PLC (BP) has hired advisers to assemble a portfolio of assets that will be sold in the next year to raise more than GBP6.5 billion, Sky News reports on its website Friday. BP has enlisted Martin Lovegrove, an oil and gas banker from Standard Chartered PLC (STAN.LN), to dra
Read moreFriday newspaper round-up: BP, Songbird, Tesco
18th Jun 2010 06:33
Tony Hayward, the chief executive of BP, was accused of refusing to co-operate with a congressional investigation into the Gulf oil spill yesterday after repeatedly avoiding questions during a hostile eight-hour dressing down on Capitol Hill. Congressmen vented their fury at Mr Hayward as he repeat
Read moreMARKET TALK: StanChart +3.3%; GS Adds To Conviction Buy
18th Jun 2010 05:18
0418 GMT [Dow Jones] Standard Chartered (2888.HK) +3.3% at HK$201.00 on top of 4.1% rally yesterday, which came on news it signed MOU on strategic cooperation with Agricultural Bank of China, while today's rally getting extra lift as Goldman Sachs adds stock to Asia Conviction Buy list with HK$241 t
Read moreBP, 7 Firms Discuss Advisement, Credit Backing -Fox Business' Gasparino
17th Jun 2010 17:32
DOW JONES NEWSWIRES Seven financial firms are in talks to become advisers to BP PLC (BP, BP.LN), Fox Business Network's Charles Gasparino reports Thursday. Gasparino had already reported that Goldman Sachs Group Inc. (GS), Blackstone Group LLP (BX) and Credit Suisse (CS) were in negotiations wi
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