Bloomberg Some of the world’s biggest banks haven’t moved enough senior staff into the European Union (EU) after Brexit, the bloc’s top regulator has concluded, an assessment that will likely lead to renewed pressure for more job moves to the EU. An exercise by the European Central Bank (ECB), known as “desk mapping,” found that several of the lenders reviewed …

  Bloomberg European stocks extended declines as a sharp selloff in US equities fuelled concerns of an economic slowdown and further dented demand for risk assets. The Stoxx Europe 600 Index was down 2% as of 10:01 am in London after the S&P 500 posted its biggest drop in almost two years. Personal care stocks were the biggest decliners, followed …

  Bloomberg US stock investors are pricing in stronger odds of a recession than are evident from positive macroeconomic indicators, according to Goldman Sachs Group Inc strategists. “A recession is not inevitable,” Goldman strategists led by David Kostin wrote in a note. “Rotations within the US equity market indicate that investors are pricing elevated odds of a downturn compared with …