The European Central Bank said
on Friday it will take over supervision of the European
operations of Barclays and Bank of America Merrill Lynch
(BofAML) after they moved some businesses to Ireland from
Britain because of Brexit.
European Central Bank
policymaker Ewald Nowotny challenged a choir of cautious
comments from his colleagues on Friday, saying the ECB had
achieved its inflation goal and should hike its key interest
rate as soon as possible.
As the celebrations from what
many in India are calling the wedding of the year wind down, all
eyes are now turning to the multi-million dollar mansion that
Isha Ambani, the daughter of India's richest man will move into
with husband, Anand Piramal.
The number of British companies
that have explored setting up a subsidiary in Germany tripled
this year, amid concern that Brexit would damage supply chains
and market access, a German government agency said.
Euro zone banks will repay 3.1
billion euros ($3.5 billion) of ultra cheap funding to the
European Central Bank early, returning only a fraction of their
borrowings ahead of schedule, the ECB said on Friday.