The piping out of the Hester
Can’t beat a Sun headline to round off a national bonus neurosis:(H/T Fleet Street Blues)Doubtless Labour MPs — who left Stephen Hester crying into his £1.2m...
Bizarre trade reasoning of the week?
Courtesy of the Credit Strategy team at SocGen on Friday, the following trade idea:Buy Barclays 5-year senior or sub CDS vs the iTraxx Main: Barclays is one of the largest sellers...
Go directly to the ECB, do not pass Go, do not collect €200
Serving at the ECB’s pleasure: billions, if not trillions, of euro-denominated assets pledged as collateral for three years of funding.And while it’s banged up by...
Slideshow: The Private Equity Exodus
The last couple of years have seen a steady trickle of banks and insurers selling private equity assets and other non-core units as regulators globally toughen capital requirements.
In the US, the Volcker Rule, a part of the financial regulatory overhaul law that limits proprietary trading, or investments by banks using their own capital, has been...
Liquidity support for the UK banks
Some good news for the battered UK banking sector?HM Treasury is going to announce special liquidity measures to help Lloyds, Barclays and RBS get through a funding hump in...
Snap news
Breaking pre-market news on Friday,- IAG targeting an operating profit target of €1.5 billion in 2015 — statement.- H1 results from Richemont top expectations; company...
Statement re: worthless equity
What the hell has happened at DTZ?A couple of weeks ago the UK property services group was negotiating a takeover with its biggest shareholder. Those talks collapsed, the company...
Snap news
Breaking pre-market news on Monday,- Total income at Barclays Capital (excluding own credit) down 22 per cent in Q3 — statement.- Homserve suspends all UK marketing activities...
Barclays in Amadeus Deal
Barclays PLC's investment banking has said it is making a private placement of 30.62 million shares, or 6.84 percent of Spain-based travel and tourism firm Amadeus IT Holding with a group of qualified investors, reports Reuters.
UK banks and recession
From stress test to recession.Merrill Lynch has on Tuesday made some savage revisions to its forecasts for UK banks to reflect a more bearish economic outlook.The usually optimistic...
Taking the stress test to nine
We are still to hear from Europe’s Dick Bove on Wednesday’s FT banking exclusive…(That’s up from seven per cent on Tuesday)… but we do have...
Cigna Buys FirstAssist from Barclays PE
U.S. health insurer Cigna Corp. is buying travel insurance company FirstAssist Insurance Services from the private equity wing of Barclays Plc, Reuters reported Tuesday. The deal is reportedly valued at more than $100 million.
