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Finance News - September 2009 Archive History

Finance News - September 2009

Lloyds Banking Group told to reduce market share by EU: The European Union has told Lloyds Banking Group Plc to cut its share of UK current accounts to 25% from 30% today affecting about 3.7 million accounts to secure approval of the ba ...; Wed 30th Sep, 2009
RBS chief signals change of tack to invest in the business: Stephen Hester, RBS CEO, told a conference in London today organized by Bank of America Merrill Lynch that RBS under the previous Fred Goodwin management had been organised as an ...; Tue 29th Sep, 2009
Lloyds reopens the RMBS market with £4billion issue twice oversubscribed: The securitisation carried out last week by Lloyds Banking Group (LBG) was eagerly received by investors, being more than twice oversubscribed. LBG sold over £4billion worth of re ...; Mon 28th Sep, 2009
King's words hit sterling: Sterling, which has fallen by almost a quarter against other major currencies in the past two years, was hit today by a media report characterising as a crisis meeting an upcomin ...; Thu 24th Sep, 2009
£345million funding line available to Housing Associations in 2010: A body that lends to social landlords has announced that £345 million of European-backed loans will be made available in 2010 for housing associations to build new homes and revam ...; Wed 23rd Sep, 2009
HSBC sues leading US Democratic fundraiser: HSBC is suing Hassan Nemazee, a US financier who has been a leading fund-raiser for President Barack Obama and other Democrats, as far back as the Clinton era.According ...; Tue 22nd Sep, 2009
Airbus forecast global commercial aircraft demand: Airbus remained upbeat during its annual Global Market Forecast on Friday as it projected 25,000 aircraft deliveries over the next 20 years.“Air transportation is a g ...; Mon 21st Sep, 2009
Investors burnt by RBS's last cash call offer little support for another: Royal Bank of Scotland's tentative plan for a cash call to trim the government's stake, potentially ahead of a move by rival Lloyds, was met with lukewarm enthusiasm today, sendi ...; Mon 21st Sep, 2009
Start of consolidation in aircraft leasing as AerCap buys Genesis: A deal which could mark the start of a wave of consolidation in a sector badly hit by the downturn, has been agreed within only 2 days of talks between AerCap, the Dutch aircraft l ...; Sat 19th Sep, 2009
Bank lending to UK firms weaker again in July: The flow of net lending to UK firms fell in July by the biggest amount on record, the Bank of England said today, in a further sign that more may need to be done to get credit flow ...; Fri 18th Sep, 2009
Abbey lays the golden eggs for Santander: Santander's Abbey is on track to post double digit pretax profit growth in 2009, the eurozone's largest bank said today. "Abbey is on track to post double digit pretax profit g ...; Thu 17th Sep, 2009
Irish Governmernt to buy £48billion in bad property loans: Ireland will spend €54 billion (£48.2 billion) on resuscitating its financial system and economy after a devastating property crash, ramping up its national debt and likely pavi ...; Wed 16th Sep, 2009
UK Banks face further losses of £130 billion say Moody's: With already severely battered balance sheets, UK financial institutions have billions more to face in losses in connection with the credit crisis and global economic downturn. ...; Tue 15th Sep, 2009
Financial Crisis may repeat if reforms aren't made: Not enough has been done to address the problems at the root of the financial crisis and unless urgent action is taken it could be repeated, the Institute for Public Policy Researc ...; Tue 15th Sep, 2009
EU economies at turning point: The euro zone is emerging from recession, the European Commission said today, but kept a gloomy overall forecast for 2009 as data showed job losses across the region still rising a ...; Mon 14th Sep, 2009
IMF chief-Global economic crisis to continue: The global economic crisis will continue and countries must do more to adopt financial market regulations, International Monetary Fund Managing Director Dominique Strauss-Kahn told ...; Sun 13th Sep, 2009
Roger Bootle worried about next steps: Roger Bootle, economic adviser to Deloitte, and other forecasters expect the MPC to decide at its November meeting to print at least another £50 billion.As of last wee ...; Fri 11th Sep, 2009
HSBC to fulfil £15billion lending plan: HSBC Holdings, Europe's biggest bank, said it expects to fulfil its plan to lend £15 billion to UK homeowners this year, up by a fifth from 2008.HSBC has said it will ...; Fri 11th Sep, 2009
RBS Looking to sell Aviation business: RBS has formally appointed advisers from Goldman Sachs to sell RBS Aviation Capital, one of the world's largest aircraft-leasing companies. It is thought the division could be wort ...; Thu 10th Sep, 2009
David Blanchflower speaks out: Bank of England Governor Mervyn King can probably persuade other members of the Monetary Policy Committee to vote for more quantitative easing by November, former MPC member David ...; Thu 10th Sep, 2009

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