Bloomberg Lloyds Banking Group Plc is snapping up Tesco Plc’s mortgage portfolio for about 3.8 billion pounds ($4.6 billion) as the British bank bets the UK economy will hold up despite the prospects of a disorderly Brexit. The country’s biggest mortgage lender is tightening its grip, acquiring over 23,000 mortgage customers as part of the deal, according to statements from …

Bloomberg Seven providers of mobile payment services owned in large part by banks are building a pan-European network, as traditional lenders seek to counter the growing competition from fintechs and global technology giants like Apple Inc. Danske Bank A/S’s MobilePay, which operates in Denmark and Finland, said the association is designed to pave the way for cross-border transactions for as …

Bloomberg The Swiss National Bank’s introduction of negative interest rates didn’t lead to a “substantial change” in the public’s demand for cash, according to President Thomas Jordan. Jordan spoke in Bern on Tuesday, just over a week before European Central Bank (ECB) policy makers are expected to boost monetary stimulus, which could add to pressure on the Swiss franc and …