Cities along the Mississippi and Missouri rivers are facing what could be the most severe flooding since 1993, with rain and snowmelt as key contributing factors. The flooding is expected to continue affecting Midwestern states into next week, according to the National Weather Service.
British Prime Minister Theresa May is sending a letter to EU officials today asking to postpone Brexit, a UK government spokesman says. Michel Barnier, the EU's chief Brexit negotiator, says any such request must state what the postponement is intended to accomplish.
Eurozone bond yields have increased in light of news that British Prime Minister Theresa May is asking the EU for a Brexit delay. A report that the European Central Bank could extend any further asset purchases to equities also has boosted yields.
Italy is moving to renew a state guarantee scheme to heighten investor protection and to help banks offload risky assets from balance sheets. Banks are facing growing pressure from the European Central Bank to cut exposure to soured loans.
Deutsche Bank has enlisted Centerview Partners to assist with Commerzbank merger discussions, sources say. Centerview poached Tadgh Flood, then a top financial-institution banker at Deutsche Bank, last year.
More than a dozen leading UK stocks would be forced to trade in the EU in the event of a no-deal Brexit, the European Securities and Markets Authority has ruled.
International buy-side firms largely prefer unbundling of research required by the EU's revised Markets in Financial Instruments Directive, but Asian market participants and regulators are unhappy about it. Small Asian firms say the compliance burden discriminates against them, and many local regulators agree.
Letting all derivatives clearing remain in London after Brexit could pit the US Commodity Futures Trading Commission against the European Securities and Markets Authority concerning oversight, Gillian Tett writes.
An analysis by The Tie of websites of the leading 100 cryptocurrency exchanges finds that 75% of exchanges report trading volume that is more than twice the amount expected and that almost 90% of volume looks suspicious. Meanwhile, 59% of exchanges report volume that is 10 times greater than the amount expected.
Digital Asset has appointed co-founder and former Chief Operating Officer Yuval Rooz to replace Blythe Masters as CEO. Masters stepped down at the end of last year, and AG Gangadhar has been acting CEO since.
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