** $2bln long/short equity manager Mitchell Capital is running its short book at a historic low of 10 pct, warns of the dangers of betting against recovery despite continuing weakness in Europe. ** Poor macro data luring investors into "dangerous" game of shorting Europe, founder Stuart Mit
Read more(Adds details, context) LONDON, Oct 30 (Reuters) - Britain's government published proposals to give the Bank of England new legal powers to control residential mortgage lending on Thursday, but said it wanted more evidence before deciding on a BoE request to regulate lending to landlords.Read more
LONDON, Oct 30 (Reuters) - Britain's finance ministry launched a consultation on Thursday about new powers requested by the Bank of England to regulate residential mortgages, but said discussion of similar curbs on buy-to-let mortgages would have to wait until 2015. "The government is propo
Read moreBy Mike Gambale and Danielle Robinson NEW YORK, Oct 29 (IFR) - Fears of a deluge of subordinated debt issuance from European banks in coming years was one of the factors that weighed on Lloyds Banking Group's efforts on Wednesday to price its first Tier 2 Yankee bond in four years. Ll
Read moreUK stocks ended Tuesday's session on an upbeat note thanks to a strong performance by the mining sector and a level of stability not seen on markets for several weeks. The FTSE rose early on, dipped around 10:30, but recovered to deliver a steady performance throughout the afternoon, ultimately endi
Read more* Total charge for PPI mis-selling rises to 11.5 bln stg * Analysts at Citi expect further 1 bln stg charge * Lloyds confirms to close 200 branches, cut 9,000 jobs * FD says confident of passing UK stress test * Says confident Lloyds will pay dividend for 2014 (Adds comm
Read moreShares in banking group Standard Chartered dropped after the company reported a 16% decline in operating profit in the third quarter and said that full-year earnings would be lower than last year. Shares in banking counterpart Standard Chartered dropped after the company reported a 16% decline in op
Read moreThe second profit warning in a year from Standard Chartered and some underwhelming results from Lloyds ensured that the banking sector was the worst-performing segment in London on Tuesday. Shares of Asia-focused StanChart were down 9% in afternoon trade after the bank warned that second-half underl
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