Hints and tips:
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...British retailers, pubs, hotels and restaurants are all hoping for a boost in sales prompted by the coronation of King Charles III on Saturday after three years of subdued consumer demand....
...The original Basel I rules governing bank capital — formulated in the 1980s — ran to 8,000 words; the most recent iteration, Basel III, is more than 200,000 words....
...Barclays isn’t ready to throw in the towel....
...Here’s Citigroup’s Robert Buckland: Further economic disruption from the coronavirus and a steep fall in oil prices mean we now expect global EPS to contract by 10% in 2020....
...Carys Roberts: The bigger question is how well off households will feel in January 2021....
...John McFarlane, Barclays/CityUK Interestingly, I have had, as a chairman in the UK, an employee representative on the board....
...Skip off So farewell, then, Hugh “Skip” McGee III. He has left Barclays, prompting some to worry that his departure might trigger an exodus of other former Lehman Brothers executives....
...Both Deutsche Bank and Barclays are under pressure to increase their loss-absorbing capital to meet new Basel III leverage ratio targets....
...NetOTC, founded by two former Barclays Capital legal directors, plans to offer a service akin to a clearing house – but for non-cleared trades – as a welter of new regulations such as Basel III capital rules...
...Some food executives also warn that the Basel III regulations, which are being phased in over the next five years, will recalibrate banks’ appetite for dicier loans....
...Banks have been chastened and their outspoken executives slapped down, or in the case of Barclays’ Bob Diamond, run out of town....
...Permira has arranged financing for the deal from Barclays, Credit Suisse Securities, Deutsche Bank, Morgan Stanley and RBC Capital Markets....
...The company is investing in the market through its Europe Real Estate Partners III fund which closed in June 2008 with €2.2bn of equity....
...The banks are Barclays, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, Merrill Lynch, Morgan Stanley, Nomura and Royal Bank of Scotland....
...The Maiden Lane III vehicle used funds from the central bank to buy collateralised debt obligations insured by AIG....
...There was a little progress towards finalising Basel III global rule book on capital and liquidity....
...iii) The weakness of the housing market is well documented....
...Robert Tornabell, a professor at Barcelona’s Esade business school, has known the Botíns for years....
...Royal Bank of Scotland shares fell 3.64 per cent, Lloyds Banking Group 2.4 per cent HSBC 2.2 per cent and Barclays 1.4 per cent....
...While that is in line with the date global bank capital requirements will be phased in through the so-called Basel III rules, the ICB’s proposals are higher than the minimum being sought in most countries...
...Simon Hayes, Barclays Capital: Firms have more workers than they need to deal with current business volumes....
...Simon Hayes, Barclays Capital: The major economic decision for the UK is whether to join the euro....
...The new Basel III global rule book, being phased in from 2013 to 2019, will force banks to hold far higher equity reserves, depressing ROEs....
...“RBS came out of the first quarter better than anyone else relative to expectations – and particularly Lloyds,” says Robert Law at Nomura....
International Edition