The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

WireTap 1400 05/03/12

A round-up of the key stories across the specialist financial media, including news that concerns over growth are sending equities and the euro lower.


Growth worries send world shares, euro lower

World stocks fell and the euro traded near two-week lows today after fresh economic data raised expectations of a recession in Europe, and China signalled it would accept a slower growth rate.

Click here for the full story


Glencore stands by Xstrata merger terms

Glencore has stuck to the terms of its proposed merger with Xstrata to create a $90bn natural resources champion, saying that the “natural combination” will realise immediate value to shareholders.

Click here for the full story


Banks deposit record €821bn at ECB

Banks deposited a record €821bn over the weekend at the European Central Bank after the bank last week injected a second wave of funds into the eurozone banking system.

Click here for the full story


Credit Suisse to buy back debt

Credit Suisse Group Monday said it had launched an offer to buy back 4 billion Swiss francs worth of its own debt and replace it over time with instruments that qualify as capital under more stringent banking rules.

Click here for the full story


Barclays’s pension fund plans $554m sale

Barclays’s pension fund is planning to sell about 350 million pounds ($554 million) in private-equity assets, three people with knowledge of the matter said.

Click here for the full story

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree