LONDON, Sept 4 Britain's Royal Bank of Scotland may have to shell out a further 900 million pounds ($1.1 billion) to settle a final compensation bill for mis-selling payment protection insurance after a last-minute surge in customer claims.
FRANKFURT/LONDON Swiss firms Selecta and SoftwareONE are expected to both launch initial public offerings this month to raise at least 1 billion Swiss francs ($1.03 billion) each, several sources with knowledge of the transactions said.
(The September 2 story corrects spelling of Colin Harte's name in paragraph 12.)
LONDON Lloyds Banking Group has agreed to buy Tesco Bank's 3.7 billion pounds ($4.54 billion) UK residential mortgage portfolio, in a move likely to consolidate its dominance of Britain's ultra-competitive market for home loans.
LONDON Junk-rated firms Smurfit Kappa and Thyssenkrupp were overwhelmed with demand when they kicked off post-summer proceedings for the European high-yield market on Monday, as yield-starved investors piled into the new issues.
LONDON, Sept 2 Junk-rated firms Smurfit Kappa and Thyssenkrupp were overwhelmed with demand when they kicked off post-summer proceedings for the European high-yield market on Monday, as yield-starved investors piled into the new issues.
STOCKHOLM/LONDON Sweden's EQT Partners confirmed plans to list in Stockholm on Monday as the private equity firm, one of Europe's biggest, seeks to expand and lock horns with larger global competitors.
LONDON/FRANKFURT Sweden's EQT Partners is planning to launch an initial public offering (IPO) in the coming days in a deal that is likely to value the buyout firm at around 4 billion euros ($4.5 billion), according to three sources familiar with the matter.
LONDON, Aug 22 European companies are expected to take advantage of some of the lowest borrowing costs ever to try to issue as much debt as possible when the market reopens after the summer break - or perhaps even sooner, bankers said.
LONDON Tottenham Hotspur Football Club plans to refinance about 400 million pounds ($485 million) of its stadium debt through bonds issued via a private placement arranged by Bank of America Merrill Lynch (BAML), according to a source familiar with the matter.
Charities, government agencies and even cruise ships loaded with supplies and volunteers rushed emergency aid to the storm-ravaged Bahamas on Saturday amid fears of a "staggering" death toll left in the wake of Hurricane Dorian.