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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.
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.
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.
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.
Especially if you supported Leave. It's a brutal, lengthy, detailed dissection of all the potential economic damage leaving the EU will do to the UK.
Swissquote Group Holding SA will likely shift its European retail business from London to Luxembourg following Brexit.
Croatia’s prime minister, Andrej Plenković, hinted at move to ensure level playing field.
Brexifornia: Checking out but never leaving
08/06/2020
Brexit will never be over.
Coutts & Co., the private U.K. bank that counts Queen Elizabeth II among its clients, has warned customers within the European Economic Area that it can no longer offer them mortgages due to Brexit.
Brexit strips expats of UK bank accounts
20/09/2020
Lloyds and Barclays say without a deal they cannot afford to keep EU-based customers.
Lloyds and Barclays among banks taking action due to lack of post-Brexit trade deal.
'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.
According to financial experts, EU rules will force UK banks to cancel accounts and credit cards of any expat that does not have a UK address.
The European Union is ready for every type of Brexit, including granting no further EU access to Britain’s financial sector, the bloc’s candidate for financial services chief said in a document seen by Reuters.
'Yet a no deal outcome would still have profound implications for the uK. as we analyse in what follows, from trade to connectivity to foreign policy to cooperation in policing, a failure to strike an agreement with the eu will impact on us in numerous ways.'
Equivalence permits for UK financial services unlikely to be ready by January 1st.
A week ago the UK fully left the EU. The moment we all campaigned against, warned about and feared the consequences of became reality – and it’s every bit as bad as forecast.
Brexit means Brexit for the City of London
16/02/2021
As of 2021 UK financial firms lost access to the EU single market and now need regulatory equivalence to do business on the continent. Brexit really does mean Brexit for the City of London, writes John Ryan (LSE).
House of lords says ‘significant challenges remain’ for the financial services sector.
Move by UK regulator seen as limiting relocation to EU’s financial centres.