Bloomberg The impact of Brexit on London’s financial sector came into stark relief as a judge approved plans by a UBS Group AG unit to shift some of its UK business — involving assets valued at more than 32 billion euros ($36.5 billion) — to Germany. The Swiss bank’s plans are a response to the “external shock” of Britain’s exit ...

Bloomberg Casper von Koskull, the chief executive officer of Nordea Bank Abp, says he has no intention of becoming a market leader when it comes to offering the fattest pay packages to entice talent. The comments come as the biggest Nordic lender revealed that the amount of money it set aside to pay bonuses to its employees slumped 31 percent ...

Bloomberg BNP Paribas SA cut revenue and profitability targets after the French bank was among the hardest hit by a stock market rout at the end of last year. France’s biggest lender is planning 600 million euros ($684 million) in additional cost cuts, focussing on the investment bank that Chief Executive Officer Jean-Laurent Bonnafe had targeted as a growth driver. ...