Financial24 (Free subscription) | 14 hours ago
LONDON, July 5 - The body in charge of Britain's stakes in Lloyds Banking Group and Royal Bank of Scotland Group, will this week downplay expectations of a quick sale of the shareholdings, according to The Sunday Telegraph . UK Financial Investmen ...
SeekingAlpha.com (Free subscription) | 07/02/2009
David Hunkar submits: The following are the 25 most profitable banks in the world based on their 2008 earnings as per The Banker magazine: Rank Bank Country Ticker 1 ICBC China 2 China Construction Bank Corp China 3 Santander Central Hispano Spain STD 4 Bank of China China 5 BBVA Spain BBV 6 HSBC Holdings UK HBC 7 Barclays Bank UK BCS 8 Agricultural Bank of China China 9 UniCredit Italy 10 Royal Bank...
BloggingStocks (Free subscription) | 07/02/2009
Filed under: Bad news , Economic data , Federal Reserve , Recession Bad news! Another 467,000 jobs were lost according to the latest report. This is much worse that last month's loss of 322,000, and brings into question whether the stimulus programs are working to jump-start the economy. Obviously they are not doing the job. The unemployment rate rose to 9.5% from 9.4%. Analysts had expected a much...
Market Watch (Free subscription) | 07/02/2009
LONDON (MarketWatch) -- Stephen Hester, the CEO of Royal Bank of Scotland will hold the shares he receives under his 9.7 million pound ($15.9 million) pay package for an extra two years, the bank said. Hester receives a basic salary of 1.2 million pounds a year and will get stock awards of up to 6.5 million pounds, with the maximum amount only being payable if the bank's share price reaches 70 pence...
Banking Business Review (Free subscription) | 06/30/2009
Compared to its domestic competitors, ANZ has more investments in Asia
Market Watch (Free subscription) | 06/30/2009
NEW YORK (MarketWatch) --Treasury prices extended a decline Tuesday, nudging yields up, after the Case-Schiller index of home prices fell 0.6% in April. Yields on 10-year notes rose 5 basis points to 3.52%. Still to come, the Federal Reserve will be buying debt maturing between 2016 and 2019. Also, two regional manufacturing reports and a report on consumer confidence "are all expected to be...
Market Watch (Free subscription) | 06/30/2009
NEW YORK (MarketWatch) --Treasury prices were slightly lower Tuesday, nudging yields up, before the Federal Reserve buys debt maturing between 2016 and 2019. Yields on 10-year notes rose 1 basis point to 3.49%. Two regional manufacturing reports and a report on consumer confidence "are all expected to be less negative than earlier" and weigh on bond prices, said RBS strategist William O'Donnell....
Financial Times (Free subscription) | 06/29/2009
Neelie Kroes, the European Union competition commissioner, is set to warn UK banks for a second time within a week that they may have to make disposals as a condition for the granting of state aid
Forbes (Free subscription) | 06/29/2009
RBS chief Hester's pay package comes under fire at London Business School conference.
Banking Business Review (Free subscription) | 06/28/2009
The banking industry regulator turned down the branch licence transfer saying that the proposed deal is a portfolio sale
SeekingAlpha.com (Free subscription) | 06/28/2009
David Hunkar submits: The Banker magazine has released the Top 1000 world banks for 2009 based on their Tier 1 capital. The following are the Top 25 from the rankings: Rank Bank Country Ticker 1 JP Morgan Chase & Co US JPM 2 Bank of America Corp US BAC 3 Citigroup US C 4 Royal Bank of Scotland UK RBS 5 HSBC Holdings UK HBC 6 Wells Fargo & Co US WFC 7 Mitsubishi UFJ Financial Group Japan MTU...
Financial Times (Free subscription) | 06/27/2009
UK banks including Lloyds and Royal Bank of Scotland are likely to come under pressure from the European Commission to make disposals as a condition for the granting...
Market Watch (Free subscription) | 06/25/2009
LONDON (MarketWatch) -- Shares of lender Royal Bank of Scotland jumped 4.4% in London on Thursday. Cazenove upgraded the firm to outperform from underperform, saying that it expects the shares to react positively to news on restructuring, the asset protection scheme and disposals. "The absolute share price performance will in large part be driven by the level of economic activity, but relative...
Financial24 (Free subscription) | 06/25/2009
U.K. stocks swung between gains and losses, as declines in mining companies on lower metals prices offset analyst upgrades at Royal Bank of Scotland Group Plc and BT Group Plc. Antofagasta Plc and BHP Billiton Ltd. lost more than 1 percent each as c ...
Financial24 (Free subscription) | 06/25/2009
The Times NOVUS NEAR DEBT SWAP Novus Leisure, the company that operates the Tiger Tiger bar chain, is close to securing a debt-for-equity swap that would see Barclays and Royal Bank of Scotland become major shareholders .The move would leave ...
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