JPMorgan hit with record fine from German finance watchdog
BaFin imposes its highest ever penalty of €45mn on European arm of Wall Street bank
Economic news
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Bank of England rate cut a close call ahead of the Autumn Budget
While the central bank is more likely to hold rates than not, it’s not a given, according to economists.
China borrows as cheaply as US in dollar bond market
Beijing raises $4bn as debt costs relative to Treasuries fall to historically low levels
The inevitable politics of ending quantitative tightening
A large Fed balance sheet and a large budget deficit mean monetary policy and politics will stay entwined
Rival robotaxi start-ups’ shares tank after Hong Kong listing
Uber-backed groups Pony.ai and WeRide fall as much as 15% as analysts raise concerns about profitability