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.
ICB – the market reacts
Compare and contrast.Selected UK banks on Monday morning: Selected European banks on Monday morning: The outperformance of the UK banks is probably not surprising....
Snap news
Breaking pre-market news on Friday,- LSE confirms it’s bidding for a majority stake in LCH.Clearnet – FT, Bloomberg.- US set to sue over a dozen banks over misrepresentation...
ICBaiting
Britain’s biggest banks are set to escape any major restructuring until after the planned 2015 general election, amid a political consensus that they should focus on business...
Celebrity knife catching with Lord Sugar
In the next episode Donald Trump backs up the truck and buys BofA.
The blame game – UK banks edition
Thought the recent sell-off in UK banking stocks was due to the eurozone debt crisis, funding jitters or even the downgrade of the USAA+?Well, you were wrong. It’s all about regulation....
Snap news
Breaking pre-market news on Tuesday,- Half year profits at Barclays down by a third; however results beat expectations — statement.- BNP Paribas takes provision of €534m for Greek debt;...
