-
Petrolatina refinances on better terms
News PetroLatina, an independent oil and gas exploration and production company, has tied up a refinancing deal with French bank BNP Paribas.
News -
FSA sees mix of factors behind the failure of RBS
News In a much awaited report published this morning, the Financial Services Authority concludes that there were seven factors which, when combined, led to the near-collapse of Royal Bank of Scotland (RBS). One such factor was the bank's poor management decisions.
News -
Lloyds boss has to 'reapply for own job'
News Lloyds Banking Group boss Antonio Horta-Osorio is ready to return to work, but will have to effectively reapply for his own job, according to media reports.
News -
Moody's downgrades biggest French banks
News Credit rating agency Moody's has downgraded France's three big banks due to their problems with borrowing money.
News -
No more loans in India, says Barclays
News Banking giant Barclays is to stop giving retail loans in India, a decision which those involved in the plans say could result in 200 job cuts back in the UK.
News -
Media Square shares suspended
News Shares in AIM-listed Media Square have been suspended after its bank refused the firm additional funding.
News -
Thursday preview: ECB, BoE, Mulberry, Ashtead
News In focus on Thursday will be the interest rate decisions from both the European Central Bank (ECB) and the Bank of England (BoE). With the BoE expected to freeze rates at 0.5% and leave its stimulus plans unchanged, an announcement by the ECB will likely take centre-stage given the severity of the current crisis in Europe, particularly as markets look ahead to the EU summit on Thursday evening.
News -
Lloyds selects Lone Star as preferred bidder
News Lone Star, a US private equity group, has been named as the exclusive bidder for £900m-worth of distressed property loans currently owned by Lloyds Banking Group, according to the Financial Times.
News -
Micro Focus secures new debt facility
News Micro Focus International, the acquisitive legacy software firm, has agreed a new three-year banking facility with an enlarged group of banks for $275m.
News