Wall Street banks could abandon Britain for the Republic of Ireland if the UK decides to leave the EU, senior figures in the industry have reportedly said. This is despite a Forbes report that names London the world’s ‘most influential city’.
This latest Russian 'sanctions tilt' toward nuclear confrontation comes alongside a quiet and apparently unconnected launch of a global digital ID system through the City of London’s slick mouthpiece magazine, The Economist.
The Russian and Chinese central banks have agreed on a draft currency swap agreement, which will allow them to increase trade in domestic currencies and cut the dependence on the US dollar in bilateral payments.
Bank of America, the second largest US lender is close to ending a landmark deal with US authorities to pay up to $17 billion – a record fine - to the Justice Department over its role in the 2007 financial crisis.
Russia has imposed a food import ban on Romanian beef, adding to restrictions already in place on Polish vegetables and Ukrainian juice, in what is being seen as an extension of its response to more biting Western sanctions announced last week.