LSE is spending $2.7bn in cash on buying Frank Russell Company in a deal that will combine the group's Russell and FTSE index businesses. Investors seemingly gave a thumbs up to the acquisition with shares rising strongly despite the announcement that it will be part-financed by a $1.6bn rights issu
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Read moreClaims of fraud and a disappointing trading update pushed UK banking stocks firmly lower on Thursday. Shares in Barclays plunged after a lawsuit was filed by the New York State Attorney General against the group's "dark pool" trading division. The complaint was made specifically in relation to it
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Read more* BoE toughens mortgage affordability tests, lending rules * Only 15 pct of new UK mortgages to exceed 4.5 LTI ratio * Carney says measures will not affect rate rise plans * GRAPHIC: House prices vs earnings http://link.reuters.com/fyg34s (Writes through, adds bank and analyst
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Read more* Banding plan abandoned after industry consultation * Other changes still under consideration LONDON, June 26 (Reuters) - Britain has scrapped a planned change to its three-year old bank levy, which has failed to raise as much money as expected, after resistance from the industry, th
Read more(Updates with Barclays, Deutsche Bank, UBS and Credit Suisse share prices) By Karen Freifeld, John McCrank and Steve Slater NEW YORK/LONDON, June 26 (Reuters) - New York's attorney general has filed a securities fraud lawsuit against Barclays , accusing the British bank of giving an u
Read more- LSE jumps after $2.7bn purchase of Frank Russell - Housebuilders jump as Carney announces "soft" measures to cool housing - Barclays facing allegations of fraud - StanChart reports "disappointing first half" techMARK 2,800.86 +0.42% FTSE 100 6,733.63 0.00% FTSE 250 15,595.09 +0.91% UK markets we
Read more** British bank's U.S.-listed shares down 5 percent at $14.94 premarket after New York state attorney general files securities fraud suit against it ** Attorney general accuses the bank of giving an unfair edge in the United States to high-frequency trading clients ** Action the highe
Read moreJune 26 (Reuters) - ** Other European banks operating dark pools may also face litigation, following news that Barclays has been targeted by New York Attorney General in a lawsuit, says Credit Suisse in a note. ** Credit Suisse says there has been a class action lawsuit filed by the City
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