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BOE keeps powder dry as Brexit moves to next stage

Bloomberg The Bank of England (BOE) signalled it will focus on the next phase of Brexit negotiations as two policy makers continued to push for an immediate interest-rate cut. Officials said it was too early to tell whether the clearer path for the UK’s departure from European Union (EU) on the back of Boris Johnson’s election win will improve sentiment. ...

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Germany to debut $233b green bonds next year

Bloomberg Germany will join European peers like France and Poland next year in selling green bonds, tapping rising demand and favourable issuance costs for such debt as it boosts investments to cut carbon pollution. Europe’s benchmark issuer will sell about 10 billion euros of the bonds from mid-year via auctions, “twinning” emissions with regular bonds of the same maturity and ...

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Euro banking union dream rekindles leaders’ animal spirits

Bloomberg With European banking mergers at their lowest on record — and profits slumping — politicians are finally getting more serious about the need for consolidation. German finance minister Olaf Scholz is seeking to persuade European colleagues of the need for a banking union. He called publicly last month for a deposit insurance system that works across the region, a ...

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