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New Brexit realism hasn’t erased Brexit divisions

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Having dominated UK politics for the last two years, you might think that all of the news about Brexit would have led some Brits to change their minds one way or the other. Indeed polls have shown that something like three-quarters of Brits think that their government is handling the UK’s exit from the EU badly. Yet when it comes ...

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Credit Suisse scolded for rewarding rogue banker

Moody's rating agency downgrades 15 international banks

Bloomberg Credit Suisse Group AG was scolded by Switzerland’s financial regulator for its failure to properly oversee a former star wealth manager convicted of fraud, escaping any real penalties for its compliance shortcomings. Finma identified deficiencies in the bank’s anti-money laundering controls as well as shortcomings in its oversight of the manager, identified as Patrice Lescaudron by people with knowledge ...

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Deutsche Bank to operate with UK branch after Brexit

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Bloomberg Deutsche Bank AG reiterated that it plans to carry on operating as a branch in the UK after the country leaves the European Union. That plan is in line with guidance from the Bank of England’s regulatory arm, a Deutsche Bank spokesman said in an emailed response to questions on Monday in Frankfurt. The lender said it is working ...

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