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Stocks Barclays PLC

  • Good and bad news this morning. Good news: CPI in line with expectations. --More relief on the subprime front. UBS said they do not expect a major write-down of subprime-related exposures.

  • A woman leaves a branch of Barclays Bank in central London, Monday, April 23, 2007. ABN Amro NV and Barclays PLC announced Monday they have agreed to merge, in the largest cross-border combination in European banking history. (AP Photo/Sang Tan)

    Barclays, Britain's third-biggest bank, unveiled a 1.3 billion pound ($2.7 billion) writedown on its exposure to credit market problems on Thursday, less than was feared.

  • European benchmark stock indexes are expected to open mostly down on Thursday in a session likely to be dominated by French earnings and key inflation data for the United States and the euro zone that could dictate the central banks' next move.

  • Banks worldwide may lose as much as $400 billion from subprime mortgages, as at least one in four of the risky home loans go into default, analysts said on Monday.

  • Here's what I see this Monday morning:1) U.S. dollar finally showing some strength on weakness overseas, Hong Kong at a 6 week low, about 12% from historic high. 2) Jitters in tech land. All those momentum traders piling into techs in the last couple months are nervous.

  • HSBC

    Europe's biggest bank HSBC is this week expected to unveil a further big hit from its exposure to the U.S. mortgage crisis.

  • British bank Barclays categorically denied rumors it was about to announce a $10 billion writedown and see its top management quit, after such market talk sent its shares tumbling over 9 percent.

  • Leading European bank stocks tumbled on Friday as worries mounted that the U.S. subprime crisis has taken a sharp turn for the worse and will force another round of hefty writedowns of bank exposures.

  • Shares in British bank Barclays fell heavily in morning trade Friday and were among the biggest losers in Europe on market talk of funding worries and concern that Britain's third-biggest bank was guiding down numbers.

  • Banks and other financial institutions have expressed interest in providing more than $60 billion towards a super-sized fund aimed at bailing out structured investment vehicles, The Wall Street Journal reported on Sunday.

  • A manager at Royal Bank of Scotland will replace ABN Amro CEO Rijkman Groenink as the RBS-led consortium buying the Dutch bank in the industry's largest takeover took the first step in the process of carving it up.

  • A Royal Bank of Scotland-led trio of banks said its offer to buy ABN Amro had beenaccepted by around 86% of the Dutch bank's shareholders, paving the way for the consortium to clinch the $101.6 billion acquisition, the biggest banking takeover ever.

  • Investors representing 85% of shares in ABN AMRO  have accepted a 70-billion-euro ($99 billion) bid for the Dutch bank from a consortium led by Royal Bank of Scotland, the Financial Times said.

  • Royal Bank of Scotland has effectively completed the financing for its part of the ABN Amro takeover, raising 5 billion euros ($7 billion) in the biggest fundraising of its type on record.

  • A group led by Royal Bank of Scotland has doubled its stake in ABN Amro to more than 8%, cutting the cost of its takeover bid for the bank by about 1%, the Financial Times reported on Wednesday.

  • The U.K.'s top banks are mulling borrowing funds from the Bank of England's 10 billion pounds ($20 billion) facility to remove the stigma attached to it and restore confidence in the banking system, the Financial Times reported Friday.

  • Belgium's Fortis, one of three banks bidding as part of a consortium to buy ABN Amro Holding, released details of a 13.2 billion euros ($18.4 billion) share issue Friday to raise cash to fund its part of the takeover.

  • British bank Barclays' bid for ABN Amro, one of two offers for the Dutch bank, is too low to be recommended to shareholders, ABN's chief executive said on Thursday.

  • Barclays stood by the value of its takeover bid for ABN Amro Friday, saying the rival consortium led by Royal Bank of Scotland, which submitted a higher offer, could find it difficult to raise funds in the tight lending conditions, Reuters reported.

  • Barclays

    Barclays Private Equity, the private equity arm of U.K. bank Barclays, raised 2.4 billion euros ($3.3 billion) for its third European fund, with the level of commitment from investors exceeding expectations, the bank said in a statement.