Bloomberg China’s banks are weaning themselves off short-term debt — with a little help from the authorities. The amount of negotiable certificates of deposit outstanding is likely to drop by the end of this quarter, according to 15 of 26 traders and analysts polled by Bloomberg last month. That would be the first quarterly decline since the instruments were introduced …

Bloomberg UBS Group AG is consolidating its wealth management business in Europe and emerging markets to streamline operations, expanding the role of top executives in much of the region. Cross-border operations will be combined with domestic businesses in a set-up that will reduce the number of offshore booking centers from about 10 to three — Switzerland, Germany, and the UK. …

Bloomberg Ten years since the Bank of England (BOE) last raised interest rates, policy makers are warning Britons to prepare for the next one. “Our foot is pretty much on the floor with the accelerator,” Michael Saunders, a member of the rate-setting Monetary Policy Committee, told The Guardian in an interview published late on Tuesday. “Households should prepare for interest …