Frankfurt

EU Slashes Forecasts for Economic Growth

European Union officials have slashed their growth forecast for the 19 countries that use the euro, saying even the lower estimate was vulnerable to “large uncertainty” from slowing growth in China and weakening global trade.

Frankfurt

The Times: British Banks are Ready for a Hard Brexit

British banks are prepared for Brexit and European banks have failed to prepare adequately, the head of the Financial Conduct authority has said in comments reported by Britain’s Times newspaper. European regulators are playing rough with British banks to scare businesses

"Obviously the City (of London) is the financial centre for Europe and I think it will rem