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Banking

Wiretap 0900 25/04/12

A round-up of the key stories across the specialist financial media, including how RBS could reduce the number of its outstanding shares, which will boost their price.


RBS to boost shares with reverse stock split 

Royal Bank of Scotland could dramatically reduce the number of its outstanding shares in a 10-for-one swap, instantly boosting their price to a level not seen since 2008.

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Treasuries rise as Europe debt crisis spurs haven demand

Treasuries were little changed amid speculation Europe’s debt crisis and slowing US economic growth will prompt the Federal Reserve to reiterate its low-interest-rate pledge after a meeting on Wednesday.

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Ford follows long road out of 'junk' debt status

Ford Motor Company completed its long journey back to Wall Street's good graces on Tuesday when Fitch Ratings became the first debt-rating firm to lift its rating on the automaker's debt-to-investment grade.

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Apple results cheer tech stocks

There is a firmer tone to markets, with sentiment supported by generally well-received corporate earnings but residual eurozone wariness keeping optimism in check.

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Nomura said to post gain in quarterly profit on trading

Nomura Holdings, Japan’s largest brokerage, will report an increase in quarterly profit, as gains from trading outweighed declines in investment banking, two people with knowledge of the matter said.

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