London to Remain Financial Heart of Europe, Says Boleat
Major banks already grappling with how to boost profitability may be forced to make deeper cuts and pull back from some lending as last month’s vote to leave the European Union introduces new costs and the potential for a U.K. recession. London Mayor Sadiq Khan is pushing hard to retain passporting rights for financial services after Britain leaves the European Union, Rajesh Agrawal, the deputy mayor for business, told Bloomberg Television on Thursday. Agrawal said in an interview in London on Thursday he’s confident a deal can be reached that will allow financial companies based in the British capital to continue to provide cross-border services within the bloc. City of London Policy Chairman Mark Boleat discusses with Bloomberg's Anna Edwards on "Countdown."
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Sakakibara Sees Yen Between 110 and 115 per USD
56:32 - Former Japanese Vice Finance Minister Eisuke Sakakibara discusses the yen, the BOJ's inflation target and when the BOJ might raise interest rates. He speaks on Bloomberg Markets: Asia." (Source: Bloomberg)