Bloomberg UK banks trying to keep access to European Union (EU) markets after Brexit will have to set up full-scale operations in the bloc, European Central Bank (ECB) Executive Board member Sabine Lautenschlaeger said. “I do not see the ECB issuing banking licenses to empty shell companies,” she said in a speech at the London School of Economics. “I …

  Rise of the machines! Attack of the clones! This is a common outcry from the financial industry and investors alike in reaction to the rapid rise of ‘passive’ index funds and exchange-traded funds, which now have about $5 trillion in assets in the United States. Investors have an understandable tendency to see passive investing as a bunch of robotic …

  This must be “copy your competitor” week for corporations. McDonald’s Corp., at its annual investor day, unveiled plans to roll out mobile ordering and delivery to all its US locations. In a bid to win over lapsed customers, it’s embracing the same digital tools Starbucks Corp. and Domino’s Pizza Inc. have used to grow sales. Recently I warned Target …