Steve Slater

                   

ECB rules seen hitting Spain's savings banks

finanznachrichten.de     17 hrs ago   10 related          

LONDON, Sept 4 (Reuters) - Spanish savings banks, such as Caja de Ahorros del Mediterraneo, are likely to be hit hard by new European Central Bank (ECB) rules to tighten its lending to banks, market and banking sources...                    

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Barclays mulls Spanish insurance stake sale

reuters.co.uk     02-Sep-2008   2 related          

LONDON (Reuters) - Barclays (BARC.L: ) said it is considering selling a stake in its Spanish and Portuguese insurance business. Spanish newspaper Expansion said on Tuesday Barclays was looking to sell up to 50 percent...                    

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Commerzbank to shrink Kleinwort, focus on Germany

finanznachrichten.de     01-Sep-2008   100 related          

LONDON, Sept 1 (Reuters) - One of the most famous names in merchant banking is set to go along with up to 2,000 investment banking jobs as Germany's Commerzbank retrenches Dresdner Kleinwort as part of its takeover of...                    

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HSBC and Santander face strategic crux

reuters.com     17-Aug-2008   2 related          

LONDON (Reuters) - HSBC and Santander, Europe's top two banks, are stretching their lead over hard-hit rivals and may have a window of opportunity to drive home their capital strength advantage to pick up bargains and market...                    

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UPDATE 1-Banks may be left with stake as B&B cash call closes

finanznachrichten.de     15-Aug-2008   19 related          

LONDON, Aug 15 (Reuters) - Six major UK banks could be left with up to a fifth of smaller peer Bradford&Bingley BB.L after a 400 million pound ($749 million) cash call closed with shares trading just a shade above the rights...                    

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RBS scraps planned sale of ABN Australia/NZ unit

yahoo.com     13-Aug-2008   9 related          

LONDON, Aug 13 (Reuters) - Royal Bank of Scotland RBS.L has scrapped the planned sale of ABN AMRO's Australia and New Zealand operations after a high profile suitor withdrew, and plans to integrate them with its existing...                    

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UBS universal bank model breaks, rivals defiant

reuters.com     12-Aug-2008   2 related          

By Steve Slater - Analysis LONDON (Reuters) - UBS's (UBSN.VX: ) blunt admission that its universal banking model blurs risk, adds complexity and can eat up capital will put pressure on rivals with a similar strategy to reassess...                    

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earthtimes.org: ZURICH (Reuters) - Swiss bank UBS will separate its wealth management business from investment banking, a move that could herald a spin-off or sale of the business that made it Europe's top casualty of the markets crisis. earthtimes.org

UBS rips up bank structure as rich clients flee (Reuters)

yahoo.com     12-Aug-2008   197 related          

By John O'Donnell and Sam Cage 15 minutes ago ZURICH (Reuters) - As peers such as Credit Suisse (CSGN.VX) drew a line under the crisis, there were further reminders of the damage the investment bank has wreaked at UBS as...                    

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earthtimes.org: LONDON (Reuters) - Royal Bank of Scotland fell to a first-half loss of 691 million pounds ($1.35 billion), one of the biggest losses in UK corporate history but not as big as expected, after taking a 5.9 billion writedown on the value of risky assets. earthtimes.org

RBS suffers first-ever loss

reuters.co.uk     08-Aug-2008   112 related          

By Steve Slater and Clara Ferreira-Marques LONDON (Reuters) - A 5.9 billion pound writedown on risky assets sent Royal Bank of Scotland to a first-half loss of 691 million pounds -- better than feared, but still one of the...                    

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RBS CEO confident of hitting 2008 capital target

finanznachrichten.de     08-Aug-2008          

LONDON, Aug 8 (Reuters) - Royal Bank of Scotland is confident it will hit a key capital ratio target for 2008 even if it does not sell its insurance arm, thanks to organic progress and other disposals, its chief...                    

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