Bank of England signals end of the financial crisis era December 1, 2015 The Bank of England has declared the banking crisis officially over, and yesterday sent Britain’s biggest lenders a dovish message on future capital requirements. Following the publication of a biannual Financial Stability Report, the UK's central bank signalled an “inflection point” that marks the conclusion of the post-financial crisis era. Bank of England governor Mark Carney said British [...]
At the close: FTSE 100 up on banks following the Bank of England stress tests December 1, 2015 The FTSE 100 closed up today, led higher by banks after five of seven banks that took part in the Bank of England's stress tests passed. The UK's top blue-chip index rose 0.62 per cent, to 6,395 points. Five participating banks – Barclays, HSBC, Lloyds Banking Group, Santander UK and the Nationwide building society – all passed [...]
RBS, Nationwide, HSBC, Barclays, Standard Chartered and HSBC share prices rise after Bank of England stress tests December 1, 2015 Shares in British lenders rose today, after results of a Bank of England stress test showed all the banks it tested had passed. Shares in Lloyds rose 2.8 per cent to 75.01p in early trading, while HSBC rose 1.4 per cent to 537.2p and Barclays rose 2.5 per cent to 228.75p. RBS and Standard Chartered, [...]
Bank of England stress tests: RBS and Standard Chartered flagged for “capital inadequacies” as Bank warns new capital requirements could be introduced next year December 1, 2015 British banks could be required to bolster their capital reserves by billions of pounds as soon as next year, the Bank of England said this morning, as it revealed that two of the country’s largest lenders had narrowly avoided failing its latest round of stress tests. The Bank is actively considering raising the so-called countercyclical buffer, [...]
HSBC Lloyds Barclays Santander Nationwide Standard Chartered face Bank of England stress tests November 30, 2015 NULL
City Moves for 30 November 2015 | Who’s switching jobs November 29, 2015 LEGAL & GENERAL INVESTMENT MANAGEMENT REAL ASSETS The investment manager has announced three appointments to its research team. Declan O’Brien (pictured) joins as infrastructure strategist from Moody’s Investors Service, where he was an assistant vice president within project and infrastructure finance. Enrico Faccioli joins as research analyst. He is a recent graduate of Warwick Business [...]
Bank stress test results: Britain’s seven biggest lenders including Standard Chartered, HSBC, Lloyds and Barclays, under pressure from regulators November 29, 2015 Britain's biggest banks are bracing for announcements from the Bank of England Tuesday which may force them to cut dividends in order to satisfy regulators’ capital requirements. Seven leading lenders – HSBC, Barclays, Lloyds Banking Group, Standard Chartered, Royal Bank of Scotland, Santander and Nationwide – were subject to the Bank of England’s latest round [...]
At the close: FTSE 100 index closes lower on miners November 27, 2015 The FTSE 100 closed down today, led lower by miners after having made gains yesterday. The UK's top blue-chip index closed 0.28 per cent down, at 6,375 points, led lower by Anglo American and Glencore, after negative data from China was released showing that Chinese industrial profits fell 4.6 per cent in October. Miners, other than BHP Billiton, yesterday led [...]
Best of the Brokers for 27 November 2015 November 27, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com MARSTON’S The latest financial results for the big British brewer and pub operator showed profit before tax had risen ten per cent to £91.5m, above the expectations of analysts at Numis. However, the analysts maintained their “add” recommendation and their 180p target price. [...]
Autumn Statement 2015: George Osborne’s speech transcript in full including stamp duty, business rates and corporation tax announcements November 25, 2015 Mr Speaker, this Spending Review delivers on the commitment we made to the British people that we would put security first. To protect our economic security, by taking the difficult decisions to live within our means and bring down our debt. To protect our national security, by defending our country’s interests abroad and keeping our [...]