Bank of England’s chief supervisor sounds Brexit alarm
Brexit will create so much cross-Channel complexity for the finance sector there is "material risk" the Bank of England's stability watchdog might not cope, according to its chief executive. (FN)

BAT raises $17bn in huge bond sale
British American Tobacco has raised $17.25bn through a bond sale in order to finance its $49.4bn purchase of US rival Reynolds American. It is the second-largest corporate bond issuance this year. (FT)