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FINANCE

There is a ‘self-reinforcing feedback loop’ in the debt marketplace and the Bank of England is worried about it

Bank of England Governor Mark CarneyREUTERS/Toby Melville The Bank of England is endangered that the UK mortgage marketplace can't withstand an “adverse shock.” It has combined a blueprint of a “self-reinforcing feedback loop” that could bring down the UK economy. The Bank recommends a technical tightening of borrowing mandate for new mortgages. …

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App-only bank N26 doesn’t caring about ‘short-term profits’ — it wants to build a European bank that will make rivals ‘redundant’

N26 cofounder and CFO Maximilian Tayenthal. Number26 COPENHAGEN, Denmark — App-only startup bank N26 is one of Europe’s hottest startups — and it’s moving very fast. The Berlin-headquartered bank announced on Monday that it has partnered with associate startup Clark to offer insurance through its app. It’s one of a …

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The bruise and the euro burst as Carney and Draghi seem hawkish

President of the European Central Bank (ECB) Mario Draghi (L) speaks with Governor of the Bank of England Mark Carney at the start of the International Monetary and Financial Committee (IMFC) Meeting during the 2016 World Bank-IMF Spring Meeting in Washington April 16, 2016. Reuters/Joshua Roberts LONDON — The bruise …

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The first sovereign laws for self-driving cars are starting to take shape

David Strickland, former NHTSA director and entire warn for the Self-Driving Coalition for Safer Streets AP Photo/Manuel Balce Ceneta Automotive attention groups urged lawmakers on Tuesday to throw the “patchwork of unsuitable laws and regulations” that now request to unconstrained vehicles. David Strickland, entire warn for the self-driving trade organisation shaped by Ford, Waymo, …

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