LONDON — The chairman of US bank BNY Mellon in Europe says major banks are drawing up plans for the worst-case Brexit scenario and warns that no deal for Britain could spark another financial crisis. Michael Cole-Fontayn, BNY Mellon’s EMEA chair, told Business Insider: “Because nobody knows what the outcome of the negotiations is going […]

President-elect Donald Trump’s administration is considering political commentator and economic analyst Larry Kudlow to chair the Council of Economic Advisers. Stephen Moore, a conservative economist who advised Trump’s presidential campaign, told a luncheon in Michigan that Kudlow would likely be the next chair of the council, a source who was in attendance told Business Insider. […]

Reuters/ Jonathan Ernst SEC chair Mary Jo White called out activist investor Bill Ackman, the CEO of Pershing Square Capital, during a speech at Tulane’s Corporate Law Institute in New Orleans this week. Without actually naming names, White referenced the Pershing Square Capital/Valeant Pharmaceuticals hostile takeover attempt of botox-maker Allergan last year.  In that deal, Ackman […]