UK

Forget tax cuts and bonus caps — ministers were told how to boost the City last year

Another day, another Gilt sell-off

Selldowns of Craneware and Horizonte shares were oversubscribed

Substantial concession brings in tidy book

Songs fund switches facility to fully dollar-based

New investment adviser will raise further funds

UK government’s scrapping of top end tax cut not enough to make market attractive for issuance again

Severe volatility stemming form the UK halts Yankee FIG issuance

• The way out of UK market disarray • Italian banks in a better state • Bring back the bonus cap, say bankers

The UK's new regulatory freedom is, in theory, an opportunity to remove onerous regulations, but divergence from the European Union will bring complications for some deals, and it’s not clear whether the government is set to rewrite the rule book in favour of market development

It's hard to see the newly installed politicians in the UK backing down so soon in the job. So far they have been utterly deaf to criticism. Instead, it is likely the Bank will have to give away further ground. Bad for the Bank, and ultimately bad for the UK economy

Scrapping the cap will not help attract talent, say City bankers, who also fear ending up with less overall pay