HSBCto snap up RBS assets October 7, 2009 HSBC Holdings is understood to be in talks to buy the Asian banking assets of stricken rival Royal Bank of Scotland. RBS is trying to offload its Chinese, Indian and Malaysian retail and commercial banking assets to pay back some of the government’s giant £37bn bailout. Talks between RBS and Standard Chartered over the assets [...]
HSBCto snap up RBS assets October 7, 2009 HSBC Holdings is understood to be in talks to buy the Asian banking assets of stricken rival Royal Bank of Scotland. RBS is trying to offload its Chinese, Indian and Malaysian retail and commercial banking assets to pay back some of the government’s giant £37bn bailout. Talks between RBS and Standard Chartered over the assets [...]
Onshore wind given 1.4bn UKbank loan November 10, 2009 LLOYDS Banking Group, Royal Bank of Scotland and BNP Paribas teamed up with the European Investment Bank yesterday to pour £1.4bn of financing into onshore wind projects in the UK. Chancellor Alistair Darling and energy minister Ed Miliband threw their weight behind the project that encourages banks to lend to wind power firms a day [...]
Brokers could go to EU over bank bullying November 9, 2009 LAWYERS yesterday advised the City’s independent brokers to turn to EU competition chief Neelie Kroes if calls for the government to prevent bailed-out banks from forcing debt-laden companies to use their investment banking services fall on deaf ears. The news emerged after the heads of three leading independent stockbrokers – Panmure Gordon chief executive Tim [...]
BEST OF THE BROKERS November 5, 2009 BBA AVIATIONPanmure Gordon raised its rating on BBA Aviation to “buy”, from “hold”, saying that it looks as if a long-awaited broad-based recovery in the US business jet market may have begun. The broker raised its target price from 155p to 190p to anticipate the US recovery and to take advantage of a recent retreat [...]
Banking shake-up gives the markets a case of the jitters November 3, 2009 BRITAIN’S top share index fell to its lowest closing level in a month yesterday, led down by banks after shake-ups at Royal Bank of Scotland and Lloyds and poor results from Swiss peer UBS The FTSE 100 closed 67.29 points or 1.3 per cent weaker at 5,037.21, having surrendered the 5,000 level for the first [...]
Banking shake-up gives the markets a case of the jitters November 3, 2009 BRITAIN’S top share index fell to its lowest closing level in a month yesterday, led down by banks after shake-ups at Royal Bank of Scotland and Lloyds and poor results from Swiss peer UBS The FTSE 100 closed 67.29 points or 1.3 per cent weaker at 5,037.21, having surrendered the 5,000 level for the first [...]
Anglo says Hampton is not on cards November 8, 2009 MINING group Anglo American has dismissed reports that Royal Bank of Scotland chairman Sir Philip Hampton is set to join the board. Weekend reports said an announcement of his appointment could be made today. But Anglo said the report was “speculation”. Anglo plans to refresh its board following the failed merger approach by rival Xstrata [...]
Q & A : What next for DubaI? November 26, 2009 Q. WHY ARE WORLD MARKETS NOW SO CONCERNED ABOUT DUBAI’S DEBT PROBLEM? A. European banks are exposed to about half of Dubai’s $80bn (£48.5bn) debt pile. The emirate’s debt moratorium triggered fears that those banks’ bad debts could worsen again, endangering the global recovery. Analysts at Credit Suisse said European banks could face a 5 [...]
Myners meets with foreign banks October 13, 2009 Lord Myners, the treasury minister, will today hold a meeting over bonuses with the major foreign banks operating in the UK. He will urge them to agree to a “level playing field” over pay and bonuses. UK banks have already agreed on voluntary rules on remuneration, and have pledged greater transparency in the way they [...]