Author: KMFSLLP

* Scheme complies with EU state aid rules - minister (Adds comment from bank customer)

* Investors shrug off underwhelming PMI readings (Adds comments, updates price action)

All 7 British lenders covered pass stress tests for third year

Departmental alphabet soup is a distraction from serious reform

Funds with illiquid assets like property should penalise investors for short-notice redemptions to reflect the likely price hit from a quick asset sale, the Bank of England concluded in a review prompted by the closure of a flagship fund run by former star stock picker Neil Woodford. ...

WPX Energy Inc said on Monday it would buy privately held Felix Energy in a $2.5 billion deal, as the Permian basin operator looks to add oil-rich acreage in the Delaware region of the prolific shale field, sending its shares up more than 9%.

Funds with illiquid assets like property should penalise investors for short-notice redemptions to reflect the likely price hit from a quick asset sale, the Bank of England concluded in a review prompted by the closure of a flagship fund run by former star stock picker...

The Bank of England said on Monday it planned to tweak rules on the amount of capital that banks hold to allow them to lend more after an economic crisis. The BoE said its plans would leave the average amount of capital...

Company has settled claims over contract for tagging offenders

Turkish authorities must address shortcomings in tackling money laundering and terrorism financing or face being added to a "grey list" of countries with inadequate financial controls, according to a global money laundering watchdog.