From September 13th cash machines in England and Wales will start dispensing the Bank of England’s new £5 note, and Britain’s first polymer currency. The quantity of physical banknotes in circulation has risen significantly during the past decade, increasing from 1.9 billion to 3.4 billion between 2004 and 2016. Source: Economist
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Some senior regulators are privately raising doubts over whether politically unpopular European rules seeking to shield taxpayers from bank bailouts will ever be enforced as intended. Some of the people who will have to apply them are now questioning in private whether they will be used. Source Reuters
US bank Goldman Sachs will move 1,000 staff from London to Frankfurt as part of a post-Brexit reorganization that will reduce its City headcount by half, German business daily Handelsblatt reported on Thursday. Source The Local de
HSBC bank would likely switch 1,000 jobs to Paris from London, with Britain planning to leave the EU single market under Brexit, chief executive Stuart Gulliver told Bloomberg Television. Source The Local Fr