Bloomberg Policy makers around the globe have been cool to the idea of Facebook Inc.’s planned Libra cryptocurrency. In Switzerland? They liked it so much, Facebook decided to set up shop there. Geneva is “excited” to work with Facebook, the canton’s economic development chief Pierre Maudet said last week after it emerged Facebook had picked the Swiss city as the ...

Bloomberg German banks may face about 610 million euros ($695 million) of costs after helping investors take improper advantage of a loophole to reduce taxes on dividends, according to the country’s regulator. About 60 lenders were directly involved in so-called cum-cum trades that allowed foreign investors to profit from tax breaks meant for Germany-based shareholders, a BaFin spokesman said, citing ...

Bloomberg The Bank of England (BOE) acknowledged rising concerns over a no deal Brexit as it kept interest rates on hold and cut its near-term economic growth forecast to zero. While officials, led by Governor Mark Carney, said they still see need for interest-rate hikes in coming years if their forecasts bear out, they also ackno-wledged that investors are tak- ...