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Investment NewsOil hits new $127 high as Bush courts Saudis$Oil rose hit a new record today, reaching above $127 a barrel, after Goldman Sachs, the US investment bank, raised its forecast on speculation that crisis-hit China$’s demand for diesel will strain supplies.Read Full Article Credit Agricole targets €11bn as profits slumpCrédit Agricole, the French bank, has reshuffled its top management to replace the head of its investment banking arm, Calyon, and joined the list of banks tapping shareholders for fresh funds to repair balance sheets ravaged by the credit crunch.Read Full Article Tempus: Open planBarclays is wise, given the vascillating that has embarrassed its rivals, to refuse to rule out some kind of capital raising. The bank this morning admitted that its core equity Tier 1 capital ratio, which was already below the bank’s 5.25 per cent target at December, would fall even further, possibly to as low as 4.9 per cent according to analysts, by the half-year. Finance director Chris Lucas says that Barclays is "prepared to run ahead of targets or below, depending on circumstances". But with financial regulators pushing banks to beef up their capital buffer, and Barclays’ competitors’ aiming for targets of 6 per cent at the very least, the bank is going to look increasingly out of step. Questions about its balance sheet are likely to to continue to drag the stock. A further downturn in the financial markets could worsen the problem. It was tricky to tell how parts of the bank are faring. Barclays Capital has been profitable in the year to date despite the turmoil. But, although it wrote back up £500 million worth of its own debt, Barclays did not mention similar improvements in its credit investments. It has also been sparing in writing down its leveraged finance exposure. There is much that could still turn sour for banks this year. No wonder Barclays wants to leave all its options open.Read Full Article Tempus: Recession cryThe worrying disclosure in HSBC’s first quarter trading update is not the multi-billion dollar writedowns, which came to $2.6 billion in the investment banking business and $3.2 billion in HSBC Finance, the US operations. These are expected and came in lower than some estimates. It is the bank’s downbeat view of the US economy that is of concern.$Read Full Article Jon Moulton calls for ratings link to bank bonusesJon Moulton, the private equity entrepreneur, criticised bonuses paid by investment banks yesterday and said that banks’ credit ratings should be linked to their bonus schemes.Read Full Article External News for: investmentBarclays' investment banking unit in joint venture - ForbesBarclays' investment banking unit in joint ventureForbesAP , 11.20.09, 06:44 PM EST NEW YORK -- The investment banking division of Barclays Bank PLC said Friday it has formed a joint venture with Goff Capital ...and more »Barclays' investment banking unit in joint venture - ForbesBarclays' investment banking unit in joint ventureForbesAP , 11.20.09, 06:44 PM EST NEW YORK -- The investment banking division of Barclays Bank PLC said Friday it has formed a joint venture with Goff Capital ...and more »Gephardt pushes for investment in health research - The Associated PressGephardt pushes for investment in health researchThe Associated PressOn Friday, Gephardt argued for more investment in medical research, which he said holds the key to reducing health care costs by finding solutions and cures ...and more »Barclays' investment banking unit in joint venture - ForbesBarclays' investment banking unit in joint ventureForbesAP , 11.20.09, 06:44 PM EST NEW YORK -- The investment banking division of Barclays Bank PLC said Friday it has formed a joint venture with Goff Capital ...and more »Gephardt pushes for investment in health research - The Associated PressGephardt pushes for investment in health researchThe Associated PressOn Friday, Gephardt argued for more investment in medical research, which he said holds the key to reducing health care costs by finding solutions and cures ...and more »Investment firm ousted over education board gift disclosures - Austin American-StatesmanInvestment firm ousted over education board gift disclosuresAustin American-StatesmanThe real estate investment firm entangled in a dispute with two State Board of Education members over gift disclosures got the heave-ho ...Investment firm stands by reports on gifts to State Board of Education memberDallas Morning Newsall 8 news articles » |
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