Banks including Barclays and Wells Fargo are facing potentially heavy losses on an $850m loan made to two oil and gas companies, the FT reports.» Read More
*Barclays raises Allied World Assurance Company price target to $72. *Barclays raises Allstate Corp price target to $45 from $41; rating. *Barclays raises Arch Capital Group Ltd price target to $48 from $46;.
*Barclays raises SCANA Corp price target to $49 from $47; rating equal. *Barclays cuts Southern Co price target to $48 from $49; rating equal. Reuters Station users, click. 1568.
NEW YORK, Oct 1- General Electric launched a $7 billion sale of notes on Monday, taking advantage of prevailing low rates in what will be the third-largest sale of corporate debt in the US so far this year. Barclays, Citigroup, Deutsche Bank, Goldman Sachs, JP Morgan and Morgan Stanley are the joint bookrunners.
*Barclays starts Carnival Plc with equal weight rating; price target. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
NEW YORK, Oct 1- General Electric on Monday launched a $7 billion sale of three-year, 10- year and 30- year notes, according to a term sheet. The deal is being brought by Barclays, Citigroup, Deutsche Bank, Goldman Sachs, JP Morgan and Morgan Stanley as joint bookrunners.
LONDON, Oct 1- The Czech Republic, rated A1/AA-/A+, has priced a EUR750m increase of a 3.875% May 2022 issue via Barclays, Ceska, SG CIB and UniCredit. The tap attracted over EUR1.6bn of demand from investors and priced at mid-swaps plus 116 bp, from an initial price range of mid swaps plus 120 bp-125bp. The issue size now totals EUR2.75bn.
Qatar Prime Minister Sheikh Hamad Bin Jassim Bin Jabr al-Thani said in a CNBC interview he’s worried about what central bank money printing will mean for the value of the two major global currencies.
Those who took part in the manipulation of the London interbank offered rate (Libor), the key benchmark rate, could face criminal prosecution even though Libor manipulation is not yet a criminal offense.
The British Bankers’ Association is expected to lose control over the interest rate at the center of a recent manipulation scandal, according to a person with direct knowledge of the matter.The NYT reports.
At Friday's ribbon cutting for the Barclays Center, the new Brooklyn home for the NBA's Nets franchise, a transformation was clear. The New Jersey Nets were never cool. The BROOKLYN Nets are.
Antony Jenkins, the new chief executive of Barclays, is to announce a shake-up of the business early next year which will shrink investment banking division Barclays Capital (BarCap) and bankers’ paydays.
A leading US figure in bond investment has emerged as Ireland’s single biggest private sector creditor by aggressively buying Irish government bonds. The FT reports.
The Serious Fraud Office has launched a second criminal investigation into Barclays as the agency examines payments the bank made as part of its 2008 Middle Eastern capital raising. The FT reports.
Seven banks have received subpoenas as part of an investigation into the alleged manipulation of the London Interbank Offered Rate, said a source close to the case.
Major banks, which often band together when facing government scrutiny, are now turning on one another as an international investigation into the manipulation of interest rates gains momentum. The NYT reports.
The Swiss National Bank has euros ready to unload, and these strategists point to currencies that should benefit.
Libor, the London Interbank Offered Rate, could be scrapped altogether and replaced with an interest rate that is set using actual trades, according to a review set up by the UK government. The FT Reports.
The chairman of one of Dubai’s best-known family-owned conglomerates is not considering investing in European banks again following a disappointing run as a stakeholder of Barclays.
Take a look at some of Friday's morning movers:
Second quarter GDP Friday could be a game changer for markets that are anxious for any clues as to the depth and duration of the current soft patch.