‚As catastrophic as the financial crisis’: Here’s what Mark Carney warned politicians will happen to the UK economy after a no deal Brexit

‚As catastrophic as the financial crisis’: Here’s what Mark Carney warned politicians will happen to the UK economy after a no deal Brexit

LONDON — Bank of England Governor Mark Carney has privately warned the UK government that a „no deal” Brexit could bring about a housing market crash and a surge in the UK’s unemployment rate, according to several reports. According to The Guardian newspaper, Carney told UK Prime Minister Theresa May’s cabinet on Thursday that a…

Trump financial chief ‚given immunity’

Trump financial chief ‚given immunity’

Image copyright Reuters The Trump Organization’s finance boss, Allen Weisselberg, has reportedly been granted legal immunity in the probe into Michael Cohen. He was summoned to testify earlier this year in the investigation into Cohen, Donald Trump’s longtime former lawyer, US media report. Cohen pleaded guilty on Tuesday to handling hush money for Mr Trump…

Financial Fair Play: QPR agree £42m settlement after breaking spending rules

Financial Fair Play: QPR agree £42m settlement after breaking spending rules

The London club were fined for breaking spending limits after their promotion to the Premier League in 2014QPR have agreed a settlement of almost £42m with the English Football League after an arbitration panel dismissed the Championship club’s claims that Financial Fair Play rules are unlawful. The settlement includes a £17m fine, paying £3m of…

Switzerland is about to vote on whether to send its financial system back to the dark ages in a referendum to ban banks from creating money

Switzerland is about to vote on whether to send its financial system back to the dark ages in a referendum to ban banks from creating money

A Swiss soccer fan cheers during the World Cup group H soccer match between Spain and Switzerland at the stadium in Durban, South Africa, Wednesday, June 16, 2010. AP Photo/Schalk van Zuydam A referendum in the small European nation of Switzerland could change the entire face of global banking, if the result goes the way…

The CEO of a $20 billion financial data company tells us why he won’t touch ‚wild West’ cryptocurrencies

The CEO of a $20 billion financial data company tells us why he won’t touch ‚wild West’ cryptocurrencies

Lance Uggla says crypto is a „wild west” that needs regulation.REUTERS/Andy Clark Small crypto data providers like CoinMarketCap.com have exploded amid crypto boom. CEO of IHS Markit, which provides financial data, tells BI they have no plans to offer crypto products. He said crypto is a „wild West, speculative world” that needs regulation before IHS…