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Carney defends BOE’s Brexit scenarios report

Bloomberg Mark Carney defended the publication of the Bank of England’s Brexit scenarios, telling Parliament that the institution couldn’t hold back its analysis once lawmakers had asked for it. The BOE had released a report on PM Theresa May’s deal and other Brexit outcomes. Its worst-case scenario for a chaotic exit sees the economy shrinking by 8 percent within a ...

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Barclays Brexit preparation sets bar for top global banks

Bloomberg Barclays Plc’s plan to quickly move European business to Dublin in preparation for Brexit is one of the most ambitious yet and gaining plaudits from regulators, according to people familiar with the talks. The UK lender plans to book almost half its EU-related trading risk within the bloc by the time the UK leaves, according to people familiar with ...

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Mexico set for loss on AMLO sale of $219mn Dreamliner

Bloomberg Mexican President Andres Manuel Lopez Obrador shouldn’t expect a windfall from his decision to sell the Boeing Co. 787 Dreamliner that has transported his predecessor since 2016. The so-called VVIP — very, very important person — aircraft is likely to generate a multimillion-dollar loss on the untested secondary market for customised 787s, according to an analysis by Flight Ascend ...

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