Bloomberg UBS Group AG, the Swiss bank that’s said to be leaning towards Frankfurt for its post-Brexit European Union headquarters, says it’s facing a bill of more than $100.5 million because of Britain’s departure from the bloc. The Brexit tab, revealed by Chief Executive Officer Sergio Ermotti on a conference call on Tuesday, will likely include the cost of relocating ...

Bloomberg Credit Agricole SA is considering the purchase of as much as 10 percent of Italian lender Credito Valtellinese SpA within six months, as it seeks to increase investments in the euro region’s third-largest economy, according reports. The French bank may buy a 5 percent stake and then plans to double its holding. Among its strategic options, Credit Agricole is ...

Bloomberg The Bank of England (BOE) is about to try to put a number on normality. After months of research, the central bank will provide an assessment of the Goldilocks interest rate for the first time when it announces its policy decision on August 2. Known as r* (r-star), it’s the rate that keeps the economy neither too hot nor ...