US bank JP Morgan is buying a landmark office building in Dublin in a significant boost for the Irish capital as European cities compete to lure financial institutions away from London in the wake of the Brexit vote. The new premises will be able to house 1,000 staff.
MEP Brian Hayes says Dublin would be ‘ideal’ location for banking watchdog / The London based financial watchdog European Banking Authority (EBA), could relocate to Dublin once the UK moves ahead with plans to exit the European Union.
Goldman Sachs is to start moving hundreds of staff out of London before a Brexit deal is struck, the bank’s European boss has confirmed.
Paris today launched a major campaign to lure London’s financial firms across the Channel after Brexit. / More than 80 key business bosses, who were gathered at the Shard in central London, were told that the French capital could offer “stability” as the only “global city” that will be left in the EU when Britain quits.
Major banks are preparing to shift parts of their operations away from London as Theresa May is set to trigger Article 50.
Bank says 2,000 front office people could be moved, with another 2,000 posts to be reviewed depending on new regulations
Thomson Reuters is planning to move its foreign exchange trading business from London to Dublin due to Brexit. The company has applied to the Irish central bank for a licence, the Financial Times reported.
Parisian business district La Défense is to build seven new skyscrapers over the next five years to accommodate an expected influx of demand from banks fleeing post-Brexit Britain.
La Défense district in Paris has been announced to house seven new skyscrapers, designed by a number of renowned architecture firms like Foster + Partners, Ateliers Jean Nouvel, and Christian de Portzamparc.
Macron said the towers would cater to bankers, academics and researchers who might be forced to decamp from London to the Paris business district following the UK's exit from the European Union.
Mark Carney sets 14 July deadline to see plans, saying firms must prepare for ‘all eventualities’ as he calls on politicians not to cut City adrift from Europe
Deal or no deal, here are the issues that need fixing by March 29.
Financial firms will shift almost £800bn of assets from the UK to the Continent ahead of Brexit on 29 March, according to new analysis. / City firms have continued to relocate staff and assets away from London to Europe in the face of increasing uncertainty over the UK’s relationship with the EU.
Twenty companies have announced plans for no-deal scenario but true number could be higher. Financial services firms are preparing to move £800bn of assets out of Britain to Europe as part of Brexit contingency plans, a report has revealed.
Norinchukin announces plan day after Shinzō Abe offered public backing for May’s deal.
Banking sector warns of 1930s-style crisis after no-deal Brexit: 'Social and economic catastrophe'
14/01/2019
A no-deal Brexit would be an economic and social “catastrophe”, a senior banking industry leader has warned.
A no-deal Brexit threatens to have a major impact on the European economy. Companies have long since begun making concrete preparations for an eventuality that is looking increasingly likely.
Frankfurt is booming and thousands of investment bankers are heading for the German financial capital as a result of Brexit. But can the city handle the influx? Its already fragile social structures are being stretched to the breaking point.
Bank to ask court to allow it to transfer its non-UK European business to Dublin office.
Most of the London-based positions at BNP Paribas, Credit Agricole, and Societe Generale will move to Paris.
Of all the stupid losses Britain faces from Brexit, few can match the departure of well-paid bankers from London.
Banking giant gets all-clear from High Court to move clients' money - financial firms expected to shift £800bn by 29 March.
No-deal Brexit is ‘biggest threat in a generation’ to Northern Ireland’s economy, warns Danske Bank boss
01/02/2019
The bank's UK chief said smaller businesses, which are 'the lifeblood of the economy' will be more at risk.