'JPMorgan ... moving around €200 billion euros ... from the U.K. to Germany ... Here's why' - Bloomberg
23/09/2020
JPMorgan, the biggest U.S. bank, is moving around €200 billion euros ($230 billion) from the U.K. to Germany as a result of Britain’s exit from the EU. Here’s why.
Dublin has been crowned the most desirable place for City jobs, as 135 firms have relocated business to the Irish capital due to Brexit, new research has revealed.
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.
AGE was established in Paris in mid-2019 to prepare for the impact of Brexit on AGUK, which had previously been the entity writing Assured Guaranty’s business in Europe.
Bermuda company pivots to Europe post-Brexit.
Bank of America's Brexit bill hits $400m
13/02/2019
Bank of America has spent around $400m on preparing for Brexit, which has seen the bank move some operations from London to Dublin and Paris.
The Chancellor is trying to keep talent in a financial sector that is losing ground to the EU. / Of all the things the government could be doing to improve the economy right now, scrapping the cap on bankers’ bonuses seems like the most brazenly tone-deaf.
Investment banks are shifting more rainmakers out of London to financial centres across the European Union, accelerating the pace of moves after the pandemic and uncertainty over Britain’s access to the bloc slowed relocations.
“Now that Brexit is finalized, financial institutions have warned us that they intend to pursue their staff-relocation plans to Paris.”
The shift of banking activities to Paris from London after Brexit is starting to have a measurable impact on France’s trade in financial services, and the dynamic is likely accelerate, according to the country’s central bank.
Barclays PLC is planning to hire 200 new traders in Paris in a fresh blow to the Square Mile in the wake of Brexit.
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.
Brexiteers promised to “take back control.” But the decision has instead delivered recession, gloom, and despair.
Regardless of a deal or no-deal Brexit, the current political uncertainties are challenging the UK's position as the premier location for resolving disputes. Commercial courts have already opened in Paris and Amsterdam, with proceedings conducted entirely in English and expressly aimed at competing with the UK.
Next year’s 20th anniversary edition of London-Paris, the three-day ride that features on many cyclists’ bucket list, will be the last in the current format, with organisers blaming the decision in large part on increased costs and logistical headaches in the wake of Brexit.
High-earning financiers have been abandoning London and moving to Frankfurt, Paris and Milan. That’s worrisome for the U.K. financial capital.
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.
More than 275 financial firms are moving a combined $1.2 trillion (£925 billion) in assets and funds and thousands of staff from Britain to the European Union in readiness for Brexit at a cost of up to $4 billion, a report from a think tank said on Monday.
More than 275 financial firms are moving a combined $1.2 trillion in assets and funds and thousands of staff from Britain to the European Union in readiness for Brexit at a cost of up to $4 billion, a report from a think tank said on Monday.
Bank of France chief claims ‘50 British entities’ have moved over the Channel, while Dublin, Amsterdam and Frankfurt have also benefited.
London has been the unrivaled king of European finance for more than three decades. Brexit is starting to change that.
The U.K.’s departure from the European Union pushed more than 440 financial firms to move at least some of their operations, staff, assets or legal entities from Britain to the bloc.
Brexit may kill London as a luxury shopping destination, with scrapping of tax rebate on purchases likely to put off international customers
08/02/2021
Worried that EU visitors post-Brexit would start claiming back value added tax on luxury purchases, the UK scrapped its rebate on the tax. / This makes the UK the only country in Europe not to offer such a rebate and makes Paris and Milan more attractive, as customers can save thousands of euros.
A Stirling Prize-winning architect has opened a new studio in Berlin to make it easier to bid for jobs on the continent and hire EU-based staff.
State’s 2016-2019 services exports £126bn higher than projections based on prior trends