RBS Led Dubai World Lenders, HSBC Has Most at Stake in UAE, JPMorgan Says Royal Bank of Scotland Group Plc was
the biggest underwriter of loans to Dubai World, the state
company seeking to reschedule debt, while HSBC Holdings Plc has
the most at risk in the United Arab Emirates, according to
JPMorgan Chase & Co.
European Stocks Rise as Dubai Concern Eases; RBS, Volkswagen Lead Rebound European stocks advanced, rebounding
from the biggest drop in seven months for the Dow Jones Stoxx
600 Index, as concern over Dubai’s attempt to delay its debt
payments abated.
Sarkozy Wins Bid to Install Ally Barnier as EU's Financial-Services Chief French President Nicolas Sarkozy won
his bid to install an ally as the European Commission’s next
financial-services regulator, fueling British concern that
traders and hedge funds will face stricter rules.
British Banks Have $49.5 Billion Loans to U.A.E., Most in Europe, RBS Says British banks are Europe’s biggest
lenders to the United Arab Emirates, constituting $49.5 billion
of the continent’s $87.3 billion loans outstanding to the Gulf
state, Royal Bank of Scotland Group Plc said.
European Economic Confidence Climbs to Highest Level Since Lehman Collapse European confidence in the economic
outlook improved in November to the highest since the collapse
of Lehman Brothers Holdings Inc., suggesting the recovery in the
16-nation euro region is gathering strength.
De Beers Said to Consider Stake Sale to Help Refinance $1.5 Billion Loan De Beers, the world’s largest
diamond company, discussed with shareholders the possibility of
selling a stake ahead of a March deadline to refinance a $1.5
billion facility, said two people familiar with the proposal.