(Adds details, background) By Karen Freifeld NEW YORK, May 8 (Reuters) - Vadian Bank AG has become the second of what are expected to be dozens of Switzerland-based private banks to reach a deal with the U.S. Department of Justice under a voluntary disclosure program for assisting Ame
Read more** Smith & Williamson fund manager Mark Swain is removing short position in Lloyds Banking Group as UK banks surge on election win for Conservatives ** Swain, a co-manager of firm's long/short Enterprise fund, put short on ahead of election amid widespread fears of a break-up of biggest ban
Read more* Fears over bank break-ups, levy rise dispelled * Bankers had feared uncertainty if no clear result * 9.1 bln stg added to value of 5 biggest UK banks (Adds updated shares, value of gains, bank reaction) By Matt Scuffham LONDON, May 8 (Reuters) - Shares in British banks
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 more1630: Close Stocks ended day sharply higher following the surprise win by the Conservatives. Various issues received a significant boost as traders readjusted their positions to the prospect that the current economic policy settings would be maintained and the implications that would have for those
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** FTSE 100 futures open up 2 pct, their best since January 2015, on hopes of surprise Conservative majority ** Odds on Conservative majority collapse from 10/1 pre-exit poll to 7/20 best price. Link: http://bit.ly/1GSKzMd ** Exit poll suggested 316 Conservative seats, BBC currently
Read moreJAKARTA, May 8 (Reuters) - HSBC has offered to buy out the minority shareholders of PT Bank Ekonomi Raharja Tbk and delist the Indonesian lender from the Jakarta stock exchange. HSBC is offering 6,300 rupiah ($0.48) per share, triple the stock's last traded price, according to a notice on
Read moreSAO PAULO, May 7 (Reuters) - Grupo BTG Pactual SA, the largest independent investment bank in emerging markets, could be interested in acquiring the Brazilian unit of HSBC Holdings Plc, which has been put up for sale, Valor Econômico newspaper reported on Thursday. Valor, which did not say
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