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Brexit blues pressure franc at 2016 high

  Bloomberg The Swiss National Bank kept interest rates unchanged, conserving ammunition ahead of a British vote on European Union membership that has the potential to complicate monetary policy-making the world over. The SNB, whose currency is sought by investors at times of crisis, held its deposit rate at minus 0.75 percent, as forecast by economists in a survey. Saying ...

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Exit from EU would be disaster for UK, says Deutsche Bank

  Bloomberg Deutsche Bank AG Chairman Paul Achleitner has become the latest global banking leader to warn about the potential fallout if UK voters decide to leave the European Union. A yes vote next week on the so-called Brexit would be an “economic disaster for the UK and a political disaster for the EU,” Achleitner said at a dinner Wednesday ...

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Morgan to give Airbnb US$1bn debt facility

  Bloomberg Airbnb Inc secured a US$1 billion debt facility from some of the largest U.S. banks to help the home-sharing company develop new services and fund growth initiatives, people familiar with the matter said. The debt deal was led by JPMorgan Chase & Co, Citigroup Inc. and Bank of America Corp Morgan Stanley also participated, according to the people, ...

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