FT News Briefing Thursday, March 28
Mar 28, 2019
Parliament is buzzing with critical votes on various Brexit scenarios, revealing deep divisions. A major money-laundering scandal involving a Nordic bank surfaces, adding tension to the financial landscape. Meanwhile, in Israel, Prime Minister Netanyahu grapples with corruption allegations and heightened violence from Gaza as he campaigns for a fifth term. The turbulent political environment highlights both his loyal supporters and a determined opposition ready to challenge him as elections draw near.
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May's Resignation Offer
- Theresa May offered to resign if her Brexit deal passed, swaying some MPs like Boris Johnson.
- The DUP remained unpersuaded, jeopardizing the deal's success.
Brexit Deadlock
- Parliament continues to reject all alternative Brexit options, highlighting the ongoing political deadlock.
- A permanent customs union is the only alternative that came close to passing.
Swedbank Scandal
- Swedbank faces multiple inquiries from US regulators over a €135 billion money laundering scandal.
- The scandal involves high-risk clients and connections to other money laundering cases.