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- …

Bloomberg Canadian inflation quickened in May on increases across the board, giving the Bank of Canada plenty of scope to hold interest rates steady. The consumer price index jumped 2.4 percent from a year earlier, compared with 2 percent in April and versus a median economist forecast of 2.1 percent, Statistics Canada said from Ottawa. It was the highest annual …