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The ECB has met with banks in recent weeks, who have now been told which staff need to move over the next few years to meet new Brexit rules.
Banks counting the cost of Brexit have moved or plan to move more than £900 billion in assets to the European Union – the equivalent of ten per cent of the entire UK banking system.
Banks in Britain are showing signs of restarting preparations for a no-deal Brexit after a lull in the shift of financial services jobs and capital from Britain to the European Union in the past few months, consultants EY said on Wednesday.
Banks may continue to drift away from London if the European Central Bank intensifies its scrutiny of their presence in the bloc, the Bank of England’s deputy governor said.
Barclays PLC is planning to hire 200 new traders in Paris in a fresh blow to the Square Mile in the wake of Brexit.
UK bank preparing of economic slowdown and rising unemployment
My mother in Italy was told her account was to be closed after 40 years. Now she can’t retrieve the balance.
Bank to ask court to allow it to transfer its non-UK European business to Dublin office.
Barclays Plc expects to increase its headcount in Paris by about two thirds in the next two to three years, as the French capital increasingly becomes the main trading hub in continental Europe for global lenders after Brexit.
Banking giant gets all-clear from High Court to move clients' money - financial firms expected to shift £800bn by 29 March.
EU chief Brexit negotiator scotches hopes of special deal for City of London.
Guess what, we get unlimited banker bonuses guys!
Falling business volumes, a sharp decline in jobs and a ‘national emergency’ have damaged bankers’ confidence.
High-earning financiers have been abandoning London and moving to Frankfurt, Paris and Milan. That’s worrisome for the U.K. financial capital.
The Irish balance sheets of large systemically important banks with international operations run from Ireland have grown by as much as €200bn since the UK voted to leave the EU six years ago, a study has found.
Ireland moves up global, EU rankings as banks relocate post Brexit.
THE UK's decision to break away from the EU cost service exports more than £110 billion over a four-year period, new research has shown.
Reports say that because of Brexit, at least ten banks and financial institutions have decided to close accounts held by Brits living abroad and the BBC has said that thousands of British expats living in the EU have been informed.
Croatia’s prime minister, Andrej Plenković, hinted at move to ensure level playing field.
The number of EU bankers earning more than €1 million increased significantly in 2021, according to research by the European Banking Authority (EBA). / The regulator said that the hike in salaries was directly linked to relocations of staff from the UK to the EU following Brexit, as well as improved investment banking and trading sales, and a general increase in salaries.
Goldman Sachs moving bankers to the continent amid new rules / EU-based chaperones are now required for London pitches