Banks said to need more capital July 21, 2009 Barclays and Royal Bank of Scotland will need to raise billions to meet regulatory requirements on capital due to come into force in 2010, JPMorgan said yesterday. JPMorgan analyst Carla Antune da Silva said Barclays would need to find another £12.8bn and RBS £8.5bn to comply with rules requiring banks to set aside capital against [...]
Banks said to need more capital July 21, 2009 Barclays and Royal Bank of Scotland will need to raise billions to meet regulatory requirements on capital due to come into force in 2010, JPMorgan said yesterday. JPMorgan analyst Carla Antune da Silva said Barclays would need to find another £12.8bn and RBS £8.5bn to comply with rules requiring banks to set aside capital against [...]
ETF investment at record high August 6, 2009 The tentative recovery in the stock market and continued strong demand for passive investment have driven the value of assets invested globally in exchange traded funds (ETFs) to a record high of $862bn (£513bn). Data from Barclays Global Investors shows that investors have flocked back to ETFs, with the value of assets to reach $1 [...]
THE LONDON REPORT September 28, 2009 BRITAIN’S leading stock index closed 1.6 per cent higher yesterday, with heavyweight banks, miners and energy stocks reversing early losses, helped by a strong opening for the US market. The FTSE 100 rose 83.5 points, or 1.6 per cent, to close at 5,165.70, after rising 0.1 per cent on Friday. “It wasn’t until the US [...]
THE LONDON REPORT September 28, 2009 BRITAIN’S leading stock index closed 1.6 per cent higher yesterday, with heavyweight banks, miners and energy stocks reversing early losses, helped by a strong opening for the US market. The FTSE 100 rose 83.5 points, or 1.6 per cent, to close at 5,165.70, after rising 0.1 per cent on Friday. “It wasn’t until the US [...]
CITY MOVES WHO’S SWITCHING JOBS September 28, 2009 HSBC Private BankThe bank has appointed Chris Allen, currently head of real estates at HSBC Alternative Investments Limited (HAIL), as managing director and head of the HAIL division. Prior to joining HSBC in 2007, Allen spent ten years at real estate services company Colliers International, latterly as an executive director in its investment division, before [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 28, 2009 FINANCIAL TIMES LOVELLS IN MERGER TALKS TO CREATE LEGAL FIRMLovells, the City law firm, was in talks on last night over a merger with Washington-based Hogan & Hartson aimed at creating a rare successful big transatlantic legal tie-up, said people familiar with the matter. The proposed deal would create a law firm with a strong [...]
Alistair Darling is being unfair to Lloyds October 13, 2009 ONCE again, the government has got it completely wrong on Lloyds Banking Group. Chancellor Alistair Darling should be happy that the bank is trying to raise private funding to remove itself from the asset protection scheme, a flawed contraption which never really made any sense. Instead, however, the Treasury is turning the screws on the [...]
THE LONDON REPORT September 24, 2009 BRITAIN’S leading share index lost 1.2 per cent yesterday as a weak US housing report and cautious comments from the Bank of England governor raised investor concern over the pace of economic recovery. At the close, the FTSE 100 was 60.10 points lower at 5,079.27, finishing below the 5,100 level for the first time in [...]
Banks gear up to report on the first half of a tough year August 2, 2009 The market’s attention is likely to be dominated this week by the banks, which will be reporting their first-half results during the five days. But there will be plenty more for investors to sink their teeth into, with insurers, bookmakers and industrials all on the radar too. Barclays and HSBC kick the week off this [...]