Bloomberg Gerard Lyons has become front runner to replace Mark Carney as Bank of England Governor, according to an online oddsmaker. The economist — a former adviser to prime ministerial candidate Boris Johnson and a prominent advocate of Brexit — is reported to have interviewed for the role and published an opinion column for the Financial Times. Betway said it …

Bloomberg Negative interest rates have created a European banking industry that’s ripe for consolidation, according to the chief executive officer of the biggest Nordic bank. But bankers have lost their nerve, so the mergers aren’t happening. Casper von Koskull, the CEO of Nordea Bank Abp, says a lack of confidence within his industry is now the “biggest impediment” to the …

Bloomberg Luxury department store Barneys New York is exploring restructuring options that could include filing for bankruptcy as it struggles to keep up with higher rent and adapt to changing consumer habits. Barneys is working with financial advisers at MIII Partners and lawyers at Kirkland & Ellis, according to people with knowledge of the situation. The company hasn’t made a …