Bank of England warns companies to step up preparations for a no-deal Brexit

U.K. companies have ratcheted up their preparations for a disorderly “no-deal” Brexit over the past couple of months, the Bank of England said Thursday.

Minutes to the meeting showed that rate-setters were particularly vexed about how “Brexit uncertainties would continue to affect economic activity looking ahead, most notably business investment.”Britain is heading for a “no-deal” Brexit on March 29 if Prime Minister Theresa May fails to win parliamentary support for her withdrawal agreement with the EU. May is meeting EU leaders in Brussels on Thursday in an attempt to get support for a delay to the country’s departure date to June 30.

globebusiness Smart advice based on the mess parliament is making of it.

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Deutsche Bank supervisory board discussed Commerzbank merger for 3 hours: sourceChristian Sewing, Deutsche Bank’s chief executive, informed the board about the possible merger and said the bank was at the beginning of doing due diligence
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Deutsche Bank merger discussions put U.S. employees on edgeThere is concern that a deal with Commerzbank could press the German bank to further consolidate, or even eliminate, its U.S. business globebusiness Surprising given the billons in laundered money filtered through this company.
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