Market Pulse
Sunday newspaper round-up: Bank funding, North Sea oil tax, HSBC, Anglo
The European Central Bank and its London counterpart have held talks after the Bank of England raised the alarm over the potential threat of a funding crisis in the banking sector. Three senior London bankers have told the Sunday Times that their normal efforts to raise money from long-term bonds have effectively been blocked in the past fortnight as institutional investors demanded impossibly high interest rates due to fears about the sector and beyond.
Sales of most expensive London homes slow down in January
Sales of the most expensive homes in London dropped to their lowest level in seven years in January as pending changes to stamp-duty tax drove a wedge between buyers and sellers.
Bonds: Portugal needs to do more, German finmin warns
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
Sunday share tips: Panmure Gordon, UK housebuilders, Fastforward Innovations
Sell shares in Panmure Gordon said the Sunday Times' Inside the City column. The broker's historic, 140-year-old brand gives it an advantage but as a specialist in small cap and mid-cap clients companies, it has seen its pipeline for flotations, fundraisings and M&A deals run rather dry. And what thin pickings there are have to be fiercely fought for with rivals like Canaccord and Cenkos in what is a crowded shallow end of the pool of London stockbrokers and investment banks.
US close: JP Morgan spearheads gains in bank shares
Shares on Wall Street registered a sharp bounce on Friday - breaking a five session string of losses - ahead of the long weekend Stateside, as bank shares and crude oil futures rocketed amid better than expected figures on US retail sales.