Bloomberg It is wrong to suggest that the UK should pursue a no deal Brexit merely to end uncertainty for businesses, according to Ben Broadbent, the Bank of England’s deputy governor for monetary policy. In a speech in London, Broadbent said that surveys indicate that firms are most worried about the prospects of a no-deal, no-transition Brexit, and that pursuing ...

Bloomberg Federal Reserve Chairman Jerome Powell agrees that the torrid market in high-risk corporate loans looks a lot like the mortgage industry in the run-up to the subprime crisis, but he says US regulators are watching closely this time around and the financial system is better shielded. In a sweeping analysis of leveraged lending Powell delivered a response to critics ...

Bloomberg In the wake of the economic crisis, Paul Volcker called automated teller machines the last financial innovation that improved society. A decade later, their popularity is slipping. The number of ATMs around the world fell for the first time last year as banks closed branches and redirected resources towards digital payments, consulting firm RBR said in a study released. ...