Weekly Global News Wrap Up: Banks' Brexit moving costs to hit $500m each; US regulators propose easier capital requirements

And Goldman Sachs is exploring bitcoin trading operation.

From Bloomberg: Banks poised to channel hundreds—if not thousands—of employees out of the U.K. expect their Brexit bills to reach $500 million or more, according to people with knowledge of firms’ contingency planning. Costs are climbing in part as they find it more difficult than anticipated to persuade reluctant Londoners to move abroad and reckon with a shortage of experienced bankers in Dublin, Paris and Frankfurt, said the people, who asked not to be identified discussing confidential matters.

From Reuters: U.S. banking regulators proposed a rule on Wednesday aimed at easing regulations on capital requirements for smaller banks as part of a broader effort to make it easier for less complex financial institutions to operate. The proposal would generally only apply to banks with less than $250 billion in total assets and $10 billion in foreign exposure, and would make a series of changes to how those banks must treat capital for regulatory purposes. The Federal Reserve, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency all backed the move to propose new rules and solicit public comment on them.

From CNBC: Goldman Sachs is considering the launch of a new trading operation focused on bitcoin and other digital currencies, a company official said. The investment bank's exploration of a digital currency trading business is still in early stages and may not amount to anything substantial. "In response to client interest in digital currencies, we are exploring how best to serve them in this space," a Goldman spokeswoman said in a statement.