UK’s exit from EU has seen overseas residents’ bank accounts closed – leading to ‘big problems’ accessing savings.

Britain’s exit from the European Union has “cannibalized” London’s listing pool, according to JPMorgan Chase & Co.’s chief executive officer for Europe, the Middle East and Africa. / “Clearly, Brexit has kind of cannibalized the listing pool and a lot of European companies are now listing on European exchanges.”

Lyonnaise de Banque becomes the first to have their licence revoked after the UK's split with the EU.

The UK financial regulator had already warned that cash machine withdrawals could become more expensive for UK cardholders in Europe after the transition period.

“You could interpret this as the UK having less reach in future," a finance expert has said.

The Financial Conduct Authority has reminded UK payment service providers to prepare for changes to the law affecting cross-border payments due to Brexit.

The UK’s Financial Conduct Authority lost 93 of its most senior staff as part of a “voluntary resignation programme”, prompting fears that star workers are fleeing the watchdog just as it battles the twin crises of Brexit and the pandemic.