Global Economy
UK Lawmakers Explore How to Keep Post-Brexit EU Access for Insurers, Banks
British lawmakers launched an inquiry on Monday into how banks and insurers could maintain access to the European Union market after Britain leaves the bloc in 2019. The House of Lords financial ...
Climate Shift Leaves UK Bracing for Record Wet Winters, Flooding
Britain faces a future of record-breaking wet winters, potentially leading to more of the widespread flooding seen in recent years, according to new modeling that incorporates changing climate ...
Regulators Reportedly Reviewing Wells Fargo After Unauthorized Release of Sensitive Client Data
Wells Fargo & Co., already in the regulatory spotlight because of last year's fake-account scandal, is drawing renewed scrutiny after a lawyer's unauthorized release of sensitive client details ...
U.K. Reportedly Exploring Switch to Softer, Longer Brexit Process
Theresa May's U.K. government is drawing up plans to extend the timetable for negotiating and completing the Brexit process, which could see a long transition period lasting until 2022, according to ...
New U.S. Regulator Defends Possible Federal Regulation of Fintech
The new head of a U.S. banking regulatory agency on Wednesday defended his predecessor's efforts to explore granting special federal charters to startup online lenders. The Office of the Comptroller ...
Historic Drought Devastates South Europe Crops
Italian durum wheat and dairy farmer Attilio Tocchi saw warning signs during the winter of the dramatic drought to come at his holding a mile away from the Tuscan coast. "When it still hadn't rained ...
Judge Dismisses $18B UK Mastercard Class Action Suit
A London judge rejected an application by a group representing 46 million consumers to pursue a lawsuit against Mastercard Inc. that would have been the largest of its kind since U.S.-style class ...
White House Tally: Over 800 Proposed Regulations Killed So Far
The White House said Thursday it had withdrawn or removed from active consideration more than 800 proposed regulations that were never finalized during the Obama administration as it works to shrink ...