Investors who piled into bank shares after the election results became known may have jumped the gun. True, the risk of a less disciplined approach to economic management by Labour has been eliminated. Continued economic recovery should loan losses continue to fall. Likewise, the risk of a costly ex
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 stocks posted healthy gains on Friday as investors welcomed news that Prime Minister David Cameron's Conservative party is on track for a second term in power. The FTSE 100 was up 1.7% at 7,004.23 by midday, with banks, utility stocks and housebuilders pacing the advance. Lloyds Banking Grou
Read moreNomura 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
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