Ed Bace, CFA, was previously head of education for the Europe, Middle East, and Africa (EMEA) region at CFA Institute. He has also served as a professor of finance at BPP Business School. Bace has more than 20 years of experience in international finance, including roles with the European Bank for Reconstruction and Development, Lehman Brothers, and Standard & Poor’s. He holds an MBA in finance and international business from New York University.
Christina Casalinho, CEO of Portugal's government-debt agency, expects Brexit to make government funding more expensive in Europe, consequently increasing costs for taxpayers. Additionally, banks are unlikely to establish significant operations in post-Brexit Europe because of high costs associated with the process, Casalinho says. Reuters (13 Nov.)
German Chancellor Angela Merkel, in a speech to the European Parliament, backed French President Emmanuel Macron's proposal to create an EU army. "The times when we could rely on others are over," she said. Politico (14 Nov.)
The Securities and Exchange Commission and the US Justice Department have subpoenaed Snap, seeking information on its initial public offering in March 2017. The company says its "understanding is that the DOJ is likely focused on IPO disclosures relating to competition from Instagram." Reuters (13 Nov.)
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