Bloomberg As far as Brexit headaches go, Barclays Plc’s John McFarlane says that while his bank is on top of job relocations, he’s more concerned about rewriting “hundreds of thousands” of contracts. He’s not alone. Andrew Bailey, head of the UK Financial Conduct Authority, said “contract continuity” is among the biggest potential disruptions in a no-deal, no-transition Brexit. Both Bailey ...

Bloomberg One of Sweden’s main financial-worker unions says the job cuts announced in October by Nordea Bank AB are just the beginning of a transformation that’s about to hit the whole industry as more financial firms come to rely on digital solutions. The Nordic region’s biggest bank has yet to reveal to its staff who exactly will be affected by ...

Bloomberg If you can’t beat ‘em, join ‘em. That’s the calculation Australia’s biggest banks and the government have made in deciding to cave in to pressure for a public inquiry into alleged misconduct in the financial industry. After months of denouncing the idea of a Royal Commission as an expensive waste of time, the big four banks staged a backflip ...