While some have been shocked by the result of the British referendum to decide whether the state either remains or leaves the European Union, all can agree that what has been even more surprising and discomforting have been both the open displays of xenophobia and the spike in hate crimes against migrants and minorities. The Leave campaign leading to ...

  Bloomberg Bank of England financial-stability officials discussed the risk that freeing UK banks to lend more may prompt them to reward investors instead. In the record of meetings held in the wake of Britain’s vote to leave the European Union, the Financial Policy Committee — lead by Governor Mark Carney — said the stability-risk outlook had “materially changed” and ...

  Bloomberg UniCredit SpA is selling as much as a 10 percent stake in online bank FinecoBank SpA and launching a review of its strategy as incoming Chief Executive Officer Jean Pierre Mustier seeks to boost capital. The bank will take “a more proactive approach” to its non-core loans, and the review will focus on further cost cuts and improving ...