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Divisive aide who pushed British PM into spiraling scandal

Bloomberg In standing by Dominic Cummings, Boris Johnson has tied his immediate future even closer to a maverick and one of the most divisive figures in British politics. The prime minister’s key aide is mired in a spiraling scandal where he’s accused of breaking the country’s lockdown rules, the same ones he helped craft. Everywhere in the country and on ...

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ECB’s Villeroy says more stimulus is likely on way

Bloomberg One of the European Central Bank’s (ECB) key policy makers signalled that the institution is very likely to boost its emergency bond-buying program to fight the coronavirus. With inflation low, there is room to innovate and act “rapidly and powerfully,” Bank of France Governor Francois Villeroy de Galhau told a conference in Paris. He also signalled that he’d like ...

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HSBC takes full control of its German business

Bloomberg HSBC Holdings Plc is taking full control of its German business as Europe’s largest lender restructures its global operations. The bank will acquire an 18.66% stake in HSBC Trinkaus & Burkhardt AG from Landesbank Baden-Wuerttemberg, a regional lender in the south of Germany, according to statements by the banks. They didn’t disclose a price. HSBC is pivoting to Asia ...

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