Bloomberg Charles Schwab Corp appears to be making a play to grab more advisory clients as fees fall for asset management and trading. The San Francisco-based brokerage firm is in talks to buy USAA’s brokerage and wealth-management operations for roughly $2 billion, the Wall Street Journal reported. The deal may be reached this month, the newspaper said, citing people familiar …

Bloomberg The European Union is unlikely to withdraw the UK stock market’s equivalence status as a Brexit “negotiating tool” after withdrawing market recognition from Switzerland earlier this month, according to Lombard Odier. The UK’s equity market is almost twice the size of Switzerland’s and London’s clearing houses, which guarantee contracts even if one side proves insolvent, are a “core part” …

Bloomberg Europe’s bond investors are starting to ask whether the European Central Bank (ECB) will pair a potential interest rate cut with unprecedented purchases of senior bank debt. Policy makers have previously shied away from buying unsecured bank bonds, not least because of possible conflicts of interest stemming from the ECB’s role in regulating banks it would be purchasing notes …