Global markets were mixed Thursdays after three central banks in Europe slashed
rates. Japan's Nikkei 225 Average closed down 79 points at 7924.24. After teeter-tottering between positive and negative, The FTSEurofirst 300 index was down 1.23 at 4168.73. Bank stocks were mixed as well.
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Royal Bank of Scotland Group plc is down. The bank announced it will pass the Bank of England full interest rate cut on to its small-business customers.
HSBC Holdings plc is up, but reports state that the bank may consider more layoffs in Asia. Standard Chartered plc is up on reports that it expects
a second-half gain of $384 million after buying back $1 billion of undated floating rate notes, according to Bloomberg.
Credit Suisse Group is up after the bank announced it is slashing 5,300 jobs after it lost $2.5 billion in October and November.
Nomura Holdings Inc. is down after reports that the bank is laying off 1,000 bankers in London.
- Maria Woehr
Troubled International Banks
Prices at 11:30 pm EDT |
| Name |
Open |
Price at
11:30am |
Change |
Mkt cap |
| UBS |
12.07 |
12.13 |
-0.07 |
34.41B |
| Barclays plc |
152 |
148.20 |
-1.60 |
12.405B |
| BNP Paribas SA |
40.8 |
41.34 |
0.89 |
36.98B |
Deutsche Bank AG
|
33.37 |
33.79 |
-0.02 |
18.43B |
| Royal Bank of Scotland Group plc |
18.54 |
19.11 |
-1.64 |
37.69B |
| Royal Bank of Canada |
38.4 |
39.78 |
1.53 |
53.35B |
| HSBC Holdings plc |
698.75 |
716.00 |
18.00 |
86.70B |
Lloyds TSB Group plc
|
166.5 |
167.20 |
3.50 |
10.11B |
| Standard Chartered plc |
779 |
764.50 |
1.00 |
14.49B |
| Toronto-Dominion Bank |
42.08 |
43.13 |
0.63 |
34.81B |
| Mitsubishi UFJ Financial Group Inc. |
4.94 |
4.80 |
-0.22 |
53.12B |
Source: The Deal |
