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Croatia suffers strongest quake in 140 years

Bloomberg Croatia suffered its strongest earthquake in 140 years — for the second time in 2020 — with the tremor devastating the city at its epicenter, killing at least one person and rattling Europeans as far away as Rome and Vienna. The temblor, measured at 6.3 by the European-Mediterranean Seismological Centre on Tuesday, was larger than both a 5.2 quake ...

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Brexit deal offers scant solace to City of London under threat

Bloomberg The trade deal that both sides of the English Channel say reflects a new era of cooperation is essentially a sideshow for the City of London, which is still awaiting its own seal of approval from the European Union (EU). EU officials must rule separately that British financial regulations and oversight are strong enough to create a level playing ...

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Europe urged to keep firebreaks banks blame for blocking M&A

Bloomberg A European Central Bank (ECB) push to make it easier for the region’s chronically unprofitable banks to merge is facing opposition from some national regulators, with one top official warning it could backfire and damage the integration of the financial system. Proposals by ECB supervisory board chair Andrea Enria to give banks more freedom to source funds in one ...

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