A measure of income inequality, known as the Gini coefficient, has risen in Denmark from 0.20 in 1990 to 0.27 in 2014, according to the Danish Economic Council’s latest report. This report is another illustration of central bank policies have been blamed for increasing inequality all over the world. Source: Quartz
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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