No deal on pay transparency January 9, 2011 THE government is unlikely to win concessions on pay transparency for banks but will instead secure a promise to increase lending to small and medium-sized businesses. Despite a campaign by some politicians, who have called for banks to reveal how many employees receive over £1m in pay, divisions among banks make it unlikely that an agreement [...]
RBS sells its Kazakhstan units to HSBC for $52m June 17, 2010 ROYAL Bank of Scotland sold its Kazakhstan business to HSBC yesterday to take the part-nationalised bank’s proceeds from a trio of Asian and Middle East assets to $200m (£135.2m) in two days. HSBC, which unlike RBS did not take state help during the financial crisis and consolidated its position as Europe’s biggest bank, said it [...]
RBS sells its Kazakhstan units to HSBC for $52m June 17, 2010 ROYAL Bank of Scotland sold its Kazakhstan business to HSBC yesterday to take the part-nationalised bank’s proceeds from a trio of Asian and Middle East assets to $200m (£135.2m) in two days. HSBC, which unlike RBS did not take state help during the financial crisis and consolidated its position as Europe’s biggest bank, said it [...]
Wall Street’s size and high liquidity are a draw for IPOs February 8, 2011 The New York Stock Exchange, or NYSE, is the world’s largest stock exchange by market capitalisation. Figures from December 2010 show that the value of its 3,923 listed companies was $13.39 trillion (£8.31 trillion). This in itself makes it an exchange that should not be ignored by UK investors looking for global diversification. The origins [...]
Wall Street’s size and high liquidity are a draw for IPOs February 8, 2011 The New York Stock Exchange, or NYSE, is the world’s largest stock exchange by market capitalisation. Figures from December 2010 show that the value of its 3,923 listed companies was $13.39 trillion (£8.31 trillion). This in itself makes it an exchange that should not be ignored by UK investors looking for global diversification. The origins [...]
Banks boost capital ahead of Basel rules January 19, 2011 THE AMOUNT of risk-adjusted capital (RAC) held by banks around the globe is increasing as institutions prepare for new regulatory requirements. Banks worldwide had an average eight per cent RAC ratio as of June last year, up from 6.7 per cent at the same point in 2009, according to Standard & Poor’s (S&P) latest analysis. [...]
Banks boost capital ahead of Basel rules January 19, 2011 THE AMOUNT of risk-adjusted capital (RAC) held by banks around the globe is increasing as institutions prepare for new regulatory requirements. Banks worldwide had an average eight per cent RAC ratio as of June last year, up from 6.7 per cent at the same point in 2009, according to Standard & Poor’s (S&P) latest analysis. [...]
Shareholders to decide fate of De La Rue January 4, 2011 Oberthur’s overtures to De La Rue’s shareholders have just begun THE fate of British money-printer De La Rue lies in its shareholders’ hands this week, as Oberthur Technologies tries to sell them on its takeover bid of 905p, worth £895m in total. Oberthur, which is being advised by Lazard & Co and HSBC, upped the [...]
Shareholders to decide fate of De La Rue January 4, 2011 Oberthur’s overtures to De La Rue’s shareholders have just begun THE fate of British money-printer De La Rue lies in its shareholders’ hands this week, as Oberthur Technologies tries to sell them on its takeover bid of 905p, worth £895m in total. Oberthur, which is being advised by Lazard & Co and HSBC, upped the [...]
Shareholders to decide fate of De La Rue January 4, 2011 Oberthur’s overtures to De La Rue’s shareholders have just begun THE fate of British money-printer De La Rue lies in its shareholders’ hands this week, as Oberthur Technologies tries to sell them on its takeover bid of 905p, worth £895m in total. Oberthur, which is being advised by Lazard & Co and HSBC, upped the [...]