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DUBAI, Feb 8 (Reuters) - Egypt expects to raise around $3 billion via a three-tranche bond sale after it received more than $9 billion in demand, a document from one of the banks on the deal showed on Monday.It tightened price guidance to 4.125% t...
Read moreDUBAI, Feb 8 (Reuters) - Galaxy Pipeline Assets, owned by a consortium of investors that took a stake in Abu Dhabi National Oil Company's (ADNOC) gas pipeline assets, has hired banks for a planned dual-tranche U.S. dollar-denominated bond sale, a ...
Read moreBy Iain WithersLONDON, Feb 5 (Reuters) - HSBC has opted out of an industry-wide plan for collecting unpaid emergency COVID-19 business loans, in a blow to efforts by other banks to team up to limit any reputational damage if firms struggling to re...
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LONDON MARKET CLOSE: Surging Sterling Takes Wind Of FTSE's Sails
Read moreLONDON, Feb 4 (Reuters) - Investors scaled back their bets that the Bank of England will bring in negative interest rates anytime soon after the central bank said lenders would need at least six months to prepare for such a move.The BoE said it di...
Read more(Adds banking sector reaction)By Huw JonesLONDON, Feb 4 (Reuters) - Banks told the Bank of England they would need at least six months to work out how to respond to sub-zero rates, which experts say could see borrowers paying less interest, savers...
Read more(Adds more detail)By Huw JonesLONDON, Feb 4 (Reuters) - The Bank of England's banking supervisor said that banks would need at least six months to make quick fixes before they could implement any sub-zero interest rates, which may not include curr...
Read more* BoE sees risks if negative rates used in under 6 months* Sterling jumps as investors see less chance of sub-zero rates* A cut to zero would be less difficult - Woods* BoE working on new guidance for easing stimulus* UK economy seen shrinking by 4%...
Read more* BoE sees risks if negative rates used in under 6 months* Sterling jumps as investors see less chance of sub-zero rates* A cut to zero would be less difficult - Woods* BoE working on new guidance for easing stimulus* UK economy seen shrinking by 4%...
Read more* BoE sees risks if negative rates used in under 6 months* Sterling jumps as investors see less chance of sub-zero rates* A cut to zero would be less difficult - Woods* BoE working on new guidance for easing stimulus* UK economy seen shrinking by 4%...
Read more(Adds details, background)By Andy Bruce, David Milliken and William SchombergLONDON, Feb 4 (Reuters) - Britain's banks need at least six months to prepare for any cut in interest rates below zero, the Bank of England said as it kept its stimulus pr...
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(Sharecast News) - NatWest has switched to issuing Mastercard debit cards from Visa, in an agreement that includes 16m consumer and business customer cards.
Read moreLONDON, Feb 4 (Reuters) - NatWest has become the latest British lender to switch to issuing Mastercard debit cards from Visa, in an agreement that includes 16 million consumer and business customer cards.Mastercard - long the main provider of UK c...
Read more* Diversity push slowed by patchy disclosure - activists* Campaigners call for greater accountability on targets* Top Black, Asian bankers accept duty of care to juniorsBy Sinead Cruise and Elizabeth HowcroftLONDON, Feb 3 (Reuters) - For many bankers...
Read more(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* UK begins door-to-door testing to limit coronavirus spread* Virgin Money jumps on higher customers; increases provisions* House prices dro...
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