Deutsche Bank has scaled up plans to shift hundreds of billions of assets from London to Frankfurt after coming under increasing pressure from European regulators over the size and complexity of its UK operations after Brexit, the Financial Times reported. Deutsche could eventually move about three-quarters of its estimated €600bn balance sheet back home.

With food prices rising, wages struggling to keep up and the Bank of England again raising interest rates, the number of people seeking help to manage their debt is surging—with alarming echoes of the past, Bloomberg News reported. “A large number of people are living right at the edge,” said Mark Almond, director of the Citizens Advice Bureau for the area of North Tyneside. It’s part of a network of charities with advisers across the country.

Sweden’s financial regulator on Friday vowed to investigate how a Nordic power trader that this week racked up huge losses and barred by Nasdaq Inc. was able to act as his own clearer, or guarantor of trades, Bloomberg News reported. “This is a question that Nasdaq Clearing has to answer,” Daniel Gedeon, director of financial markets infrastructure supervision at the Swedish Financial Supervisory Authority, said by email.

European equity funds have faced billions of dollars in outflows in recent weeks as Brexit, trade tensions and a slowdown in growth across the eurozone have dented investor sentiment, the Financial Times reported. European stocks have suffered outflows for 26 of the last 27 weeks with investors withdrawing a total of $41.3bn this year according to new figures from Bank of America Merrill Lynch based on EPFR data. This wipes out the net inflows of $36bn which Western Europe took in over the course of 2017.

Deutsche Bank AG is weighing a move to split its core businesses under a holding company, a measure that would make it easier to break up in a crisis and more agile in potential mergers, according to people with knowledge of the discussions, Bloomberg News reported. The bank has been encouraged by regulators to adopt the structure, which could create three largely independent core divisions overseen by common management, the people said, asking not to be identified as the deliberations are private.

Moody’s has issued a stark warning that the risk of a no-deal Brexit has “risen materially” in recent months, spelling out the extent of the possible damage on the UK economy from crashing out without an agreement, the Financial Times reported. Britain would risk entering recession, according to the rating agency. While the UK and the EU would “likely take swift steps to limit short-term disruption”, a disorderly exit would “clearly pose more significant challenges than a negotiated exit”, the chief author of Moody’s report, Colin Ellis, said.

One of the most successful traders ever in the Nordic power market has been barred from trading on Nasdaq Inc. after massive losses at the start of this week. Einar Aas, who’s been active in the market for about two decades, had taken on a position that was too big in relation to the liquidity in the market, Dagens Naeringsliv reported, citing a statement from Aas. After “extraordinary price changes,” in the Nordic and German contracts he was forced to pay the exchange his last free liquid funds, Bloomberg News reported. That wasn’t enough and on Tuesday he was put under administration.

The European Central Bank is set to wind down the most important part of its crisis-era stimulus at the end of the year after Mario Draghi delivered an upbeat economic assessment despite risks from trade wars and emerging markets, the Financial Times reported. The ECB confirmed that it would slow the expansion of its quantitative easing programme, reducing monthly bond purchases from €30bn to €15bn from October until the end of the year. It also looks increasingly likely to halt new purchases under the €2.5tn programme in December.

The European Central Bank pushed forward Thursday with its plan to gradually phase out its monetary stimulus, saying it is confident in the region's growth. But its president, Mario Draghi, warned that the United States' trade dispute with several major powers has become a key economic concern, the International New York Times reported on an Associated Press story. The chief monetary authority for the 19 countries that use the euro confirmed Thursday that its bond-buying stimulus would be cut to 15 billion euros ($17.4 billion) a month from 30 billion euros after September.

Italy’s industrial sector hit a rough patch in July with total industrial output decreasing 1.3 per cent on the year, the first decline since June 2016, according to new data released on Wednesday, the Financial Times reported. Economists polled by Reuters had expected output growth to remain stable, rising at 1.4 per cent. Monthly figures — which are often volatile — showed a 1.8 per cent decrease in output, far more than the 0.4 per cent dip forecast in a Thomson Reuters poll. Italy is not the only eurozone economy suffering a production slump.