MEDIA-UK banks to take 1 bln stg hit as forex deal looms - Sky News
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Read more* BPCE, Credit Agricole, SG and HSBC double French exposure * Intesa , UniCredit, Monte dei Paschi, UBI up Italian debt * Banks attracted by low capital charges on government debt By Gareth Gore LONDON, Oct 29 (IFR) - Major European banks doubled their exposure to governme
Read more** Unless planned cost cuts help restore Standard Chartered's battered ROE picking up the bank's shares trading at their cheapest in more than 5 years may prove to be a costly mistake. ** Shares off day's lows but were down by as much as 10 pct after bank reported a surge in bad loans. Char
Read moreDespite some heavy falls from banking heavyweights Lloyds and Standard Chartered, UK stocks advanced on Tuesday morning as the FTSE 100 rebounded from a one-week low. London's benchmark index was up 0.6% at 6,404 in early deals, helped by decent gains from oil major BP. The Footsie closed at 6,363.
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