How France’s man in Brussels almost got fired by Barnier

PARIS — It was a close call for France’s big cheese in Brussels, Philippe Léglise-Costa. France’s veteran European Union ambassador was nearly fired before Christmas but got a last-minute stay of execution when the man who wanted to oust him, former Prime Minister...

Brexit reset tested as Brussels and London fight about finance

BRUSSELS — The U.K. and the EU both want a Brexit reset. It seems like no one told the regulators. As top technocrats prepare to meet Wednesday for talks on financial services, cracks are beginning to form around the edges of the steadily improving relationship. And...

Italian banking battle escalates as UniCredit quietly buys shares in coveted insurer

ROME — Italy’s UniCredit has bought a stake in insurance giant Generali Group, according to two people familiar with the matter, adding another twist to a byzantine banking battle brewing in Italy’s north. Generali is in the crosshairs of several competing groups,...

Millions more in cash needed to fund UK’s open-banking watchdog – Source: www.theguardian.com

Source: www.theguardian.com – Author: Kalyeena Makortoff Banking correspondent Banks are under pressure to stump up millions of pounds in interim funding for the organisation that polices open banking, with regulators saying the new money is needed to prevent...