Bloomberg Dealers on Tuesday took less than the full amount of cash available at the Federal Reserve Bank of New York’s two repurchase agreement operations, suggesting their liquidity needs are being met. The New York Fed took $38.85 billion of securities in its 14-day term repurchase agreement operation, less than the $45 billion on offer. It was the first of …

Bloomberg The pound tumbled to a one-month low after UK Prime Minister Boris Johnson told German Chancellor Angela Merkel a Brexit deal is impossible under terms the EU demands. Dimming prospects of an accord between Britain and the EU sent sterling sliding against all of its major peers. Further souring the mood, European Council President Donald Tusk accused Johnson of …

Bloomberg Yoshitaka Kitao wants to build a financial empire in an area shunned by investors: the downtrodden ranks of Japan’s regional banks. The chief executive officer of SBI Holdings Inc says he has close to $1 billion to plow into any of the 104 local lenders scattered across Japan, which were described recently by one analyst as an “accident waiting …