Nomura upgraded UK bank stocks to overweight from underweight on Friday, pointing to their recent underperformance and the "business/banking friendly outcome" of the UK election, with the Conservative Party on track for another five years in power. "When we downgraded the UK banks sub-sector at the
Read moreLONDON, May 8 (Reuters) - The British Bankers' Association has urged the new Conservative government to ensure the industry remains globally competitive and said it would work constructively with them to do so. "We need to focus now on implementing the reforms that have already been legisla
Read more** FTSE 350 Banks index up 2.9 pct, its best day since July 2013, on expected Conservative UK election win ** Lloyds up 6.8 pct, among top risers on 1.7 pct higher FTSE 100, adds 6 bln in mkt cap, 104 mln pounds traded already, among most traded in Europe on average daily volumes ** R
Read moreLONDON, May 8 (Reuters) - Shares in British banks were higher in early trading with Britain's Conservative party looking likely to form the next government, removing fears of a break-up of Britain's biggest banks and further hike in the bank levy. Shares in Lloyds, which is 20 percent owned
Read more* Uncertainty could affect loan demand * Funding costs could increase for UK banks * HSBC, Standard Chartered fear further tax hike * Lloyds, RBS vulnerable to market share caps By Matt Scuffham LONDON, May 6 (Reuters) - Lack of a clear winner in Britain's national e
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