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With nearly £3bn leaving UK funds, outflows have surpassed their previous peak around the 2016 referendum.
The Irish balance sheets of a range of global banks that run international operations from Dublin has ballooned to more than half a billion euros.
Large banks with international operations run from Ireland have seen a huge increase in their Irish balance sheets as a result of Brexit.
The balance sheets of Ireland’s biggest banks have risen by two thirds since the Brexit vote, the latest data to demonstrate how Europe’s financial landscape is shifting following the U.K.’s departure from the European Union.
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.
The U.K.’s departure from the European Union has gifted the City of London’s European rivals with a once-in-a-generation opportunity to win back some of the business that has gravitated towards the Square Mile over the past few decades.
JPMorgan Chase & Co. is further expanding its balance sheet in Frankfurt as it adapts to a post-Brexit Europe.
‘We are only at the end of the beginning of Brexit,’ report says.
We have been tracking the impact of Brexit on the banking and finance industry in the UK over the past few years, and our latest report makes for pretty sobering reading.
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.
Amsterdam was one of the five place in the European Union most successful at luring British financial firms who were looking to establish a new headquarters office or hub because of Brexit.
Over 400 financial firms in Britain have shifted activities, staff and a combined trillion pounds ($1.4 trillion) in assets to hubs in the European Union due to Brexit, with more pain to come, a study from New Financial think tank said on Friday.
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.
Activity in first three months of year indicates UK's withdrawal from EU could remake financial centres across Europe in coming years. / A month after Britain voted to leave the European Union, Boris Johnson was asked whether he thought the finance industry would keep its rights to trade freely in the bloc. “I do, I do,” he told reporters. It was never that simple.
House of lords says ‘significant challenges remain’ for the financial services sector.
Securities settlement for Irish assets worth more than 100 billion euros ($119 billion) has left London for the European Union in the latest adjustment in markets to Brexit.
Transfer to Brussels of securities deposits follows shift of share trading away from UK.
Close scrutiny of UK financial firms’ European Union outposts will continue indefinitely, the bloc’s securities watchdog said, as regulators begin a round of new checks on how they are operating.
City firms revealed in the final months of 2020 that they planned to shift nearly £100bn in assets to the EU, taking the total value of assets lost to the bloc since the Brexit vote to £1.3 trillion, according to a new survey.
Fund managers in London have already seen stock-trading upended by Brexit. Now, they worry they could be next.
Our Economics Correspondent @HeliaEbrahimi explains how no-deal Brexit preparations are impacting the UK economy.
In the political realm, no one knows how Brexit’s long-running theater of the absurd will end. But for much of the business world, Britain’s departure from the European Union has effectively happened.
The financial industry has started to trigger its contingency plans as a no-deal Brexit looks increasingly likely with just days to go until Brexit.
The staff of 100 financial firms are moving to Ireland due to Brexit. How will that go?
Amid uncertainty over a "no-deal" Brexit, a report shows banking and finance firms are moving more assets and staff from Britain to the EU than previously thought. Dublin and Frankfurt are among the top destinations.