"Europe has clearly won the battle for its own share trading" / Aquis CEO Alasdair Haynes, from London's second-biggest venue for trading European shares, says 99.6% of trades shifted to the EU overnight — "a spectacular own goal" for Britain post-Brexit

Our Economics Correspondent @HeliaEbrahimi explains how no-deal Brexit preparations are impacting the UK economy.

This is the most chilling explanation of what Brexit will do to the UK economy after December. By @AdamPosen, President of the Peterson Institute for International Economics.

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.

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.

What did Johnson say about Erasmus in January? / "The hon. Gentleman is talking through the back of his neck. There is no threat to the Erasmus scheme, and we will continue to participate in it. UK students will continue to be able to enjoy the benefits of exchanges ..."

Deal or no deal, here are the issues that need fixing by March 29.

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.

With Britain on the verge of quitting the European Union, global investment banks are stepping up lobbying efforts to maintain easy access to the bloc’s lucrative market.

British PM is now more likely to push for 'harder' divorce from EU.

More than 440 firms in banking and finance have moved or are moving part of their business, staff, assets or legal entities from the UK to the EU, and 48 of them have come to Amsterdam, according to research by British think-tank New Financial.

Are banking jobs moving out of London because of Brexit? An updated report from thinktank New Financial suggests they are: New Financial says 332 financial services firms have already moved jobs out of London because of Brexit, up from 60 last time they looked in March.

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.

Move by UK regulator seen as limiting relocation to EU’s financial centres.

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

anks should prepare for the possibility of a no-deal in post-Brexit trade talks between Britain and the European Union, the Bank of England said on Wednesday.

Andrew Bailey reminds banks of the need to have contingencies in case talks between UK and EU leaders do not result in a deal by 31 December.

Governor tells banks to prepare for risk of UK failing to reach a deal by 2020 deadline

Stability report says about half of EU companies using UK-registered banks face being cut off.

Insurance regulator says post-Brexit softening of rules will put billions of pounds of pension saving at risk.

Of all the stupid losses Britain faces from Brexit, few can match the departure of well-paid bankers from London.

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.

'New York has continued to gain at London’s expense,' following the 2016 Brexit referendum

“Now that Brexit is finalized, financial institutions have warned us that they intend to pursue their staff-relocation plans to Paris.”

The ECB has been probing where banks’ resources are based — particularly around trading and risk-management — for more than a year in what it has called a desk-mapping exercise.

A no-deal Brexit would be an economic and social “catastrophe”, a senior banking industry leader has warned.

‘We are only at the end of the beginning of Brexit,’ report says.

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.

The ECB has met with banks in recent weeks, who have now been told which staff need to move over the next few years to meet new Brexit rules.

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.

Banks in Britain are showing signs of restarting preparations for a no-deal Brexit after a lull in the shift of financial services jobs and capital from Britain to the European Union in the past few months, consultants EY said on Wednesday.

Banks may continue to drift away from London if the European Central Bank intensifies its scrutiny of their presence in the bloc, the Bank of England’s deputy governor said.

Barclays PLC is planning to hire 200 new traders in Paris in a fresh blow to the Square Mile in the wake of Brexit.

UK bank preparing of economic slowdown and rising unemployment

My mother in Italy was told her account was to be closed after 40 years. Now she can’t retrieve the balance.

Bank to ask court to allow it to transfer its non-UK European business to Dublin office.

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.

Banking giant gets all-clear from High Court to move clients' money - financial firms expected to shift £800bn by 29 March.

EU chief Brexit negotiator scotches hopes of special deal for City of London.

Guess what, we get unlimited banker bonuses guys!

Brexit will never be over.

Falling business volumes, a sharp decline in jobs and a ‘national emergency’ have damaged bankers’ confidence.

Welcome to the first in a series of articles which will examine the impact of Brexit on the financial service sector. The aim of these posts is to explain how being outside the EEA will impact key financial service sectors such as asset management, banking and insurance.

High-earning financiers have been abandoning London and moving to Frankfurt, Paris and Milan. That’s worrisome for the U.K. financial capital.

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.

Ireland moves up global, EU rankings as banks relocate post Brexit.

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.

While the picture’s hardly pretty and certainly not what advocates of Brexit envisioned, none of it surprises economists. As a former Bank of England official observed: “You run a trade war against yourself, bad things happen.”

Reports say that because of Brexit, at least ten banks and financial institutions have decided to close accounts held by Brits living abroad and the BBC has said that thousands of British expats living in the EU have been informed.

Croatia’s prime minister, Andrej Plenković, hinted at move to ensure level playing field.

The number of EU bankers earning more than €1 million increased significantly in 2021, according to research by the European Banking Authority (EBA). / The regulator said that the hike in salaries was directly linked to relocations of staff from the UK to the EU following Brexit, as well as improved investment banking and trading sales, and a general increase in salaries.

Goldman Sachs moving bankers to the continent amid new rules / EU-based chaperones are now required for London pitches

It will be years before the full impact of Brexit on Britain's financial sector is fully known as more activity could leave London for the bloc or other centres like New York, Bank of England Deputy Governor Jon Cunliffe said on Monday.

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.

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.

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.

Bank of France chief claims ‘50 British entities’ have moved over the Channel, while Dublin, Amsterdam and Frankfurt have also benefited.

In this video, our Council member, financial expert Graham Bishop, reviews the prospects for the City of London after Brexit. / He argues that the British government’s “Edinburgh reforms”, designed to help the City, are little more than pro-Brexit propaganda. They will usually make little difference and in some cases risk repeating the mistakes which led to the financial crisis of 2007-2009.

London has been the unrivaled king of European finance for more than three decades. Brexit is starting to change that.

Britain’s finance industry is appealing for greater access to the European Union single market, amid fears that politics could leave large parts of the City of London shut out of Europe for good.

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.

The fragmentation of Europe's capital market due to Brexit has increased operating costs for banks to the point where some struggle to make their UK and EU hubs viable, a report showed on Tuesday.

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).

As you may have noticed Jacob Rees Mogg Esquire – as no doubt he would style himself – has invited the public to submit suggestions on the theme of ‘Opportunities of Brexit’. I could not resist replying. Could I possibly suggest that you, after reading this, do the same?

It appears that many European financial services firms are not interested in continuing to be authorised in the City, as only half of EU firms that were given a temporary license to operate in the UK – immediately after Brexit – have applied for full authorisation, a Freedom of Information request has revealed.

Group launches to try and fix EU-UK friction post-Brexit.

Firms relocating staff and shifting assets, according to EY / Flurry of further moves seen as end of transition period looms

First trading day since Brexit shows early damage to London / Aquis CEO is pessimistic about prospects for ‘equivalence’

Bank taking steps to avoid disruption but said Brexit could lead to higher costs if a restructure becomes necessary.

Giles Merritt assesses British remorse for leaving the EU, and suggests that Brussels should weigh the advantages of a constructive new relationship.

Nine months after the end of the transition period, Brexit remains the biggest challenge facing Britain’s bankers.

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.

State’s 2016-2019 services exports £126bn higher than projections based on prior trends

Lloyds and Barclays say without a deal they cannot afford to keep EU-based customers.

Swissquote Group Holding SA will likely shift its European retail business from London to Luxembourg following Brexit.

Cross-border data show 30% fall in capital entering UK since referendum. / Brexit uncertainty in the UK has boosted foreign investment into the EU’s other 27 countries in the three years since the referendum, according to a Financial Times analysis.

Financial firms will move around €150 billion from Britain to France by the end of the year, when Britain’s post-Brexit transition period ends, the head of the Bank of France said Wednesday (7 October).

Don't count on the delay to Britain’s departure making life any easier for the City of London as it prepares for a new regulatory reality.

Now that hiring has made a comeback in London banking circles, some recruiters are complaining of a new phenomenon: too little talent.

Large banks with international operations run from Ireland have seen a huge increase in their Irish balance sheets as a result of Brexit.

Paris, Frankfurt and Dublin are most successful in luring roles from UK, say consultants

Study finds over £900 billion in bank assets and £100 billion in insurance funds have been moved from the UK to the EU.

The City of London was supposed to have been set free by Britain’s departure from the EU. That’s not how it’s turning out. / In a reversal of the roles they've been used to playing, Britain is demanding the EU toughen up rules, worried about the threat of another financial crisis.

Deadline to agree regulatory equivalence for financial services and allow business after Brexit likely to be missed.

Britain’s banks took a gloomier view than almost all their European peers in their second quarter earnings, as coronavirus fears, Brexit and low interest rates caused them to bake tougher “worst-case” scenarios into their risk models.

HSBC, Barclays, Lloyds and NatWest have strong capital buffers but their exposure to U.K. consumers and Brexit is taking a heavy toll.

Thousands of Brits residing in the EU have been informed by UK banks that their EU-based bank accounts will soon be shut.

‘Prepare for the worst’ EU officials tell business after Sajid Javid’s FT interview.

A POST-BREXIT “bonfire of banking rules” planned by the UK Government risks driving up food and energy prices even further, campaigners have warned.

In our series looking at life after Brexit, James Moore asks whether London’s financial centre can weather the economic storm.

The cap on bankers' bonuses is being removed as part of a post-Brexit shake-up of UK financial rules, it has been confirmed.

Bankers’ bonuses are currently capped at 100 per cent of their annual salary, or double that with shareholder approval.

Chancellor Jeremy Hunt has been accused of encouraging a “race to the bottom” after he unveiled ‘big bang’ plans to slash City red tape.

The French capital will become a focus for the bank as it tries to recruit dozens of fresh staff.

The new head of its European trading hub in Paris will expand the operation after Brexit. / Citigroup is expanding its trading hub in Paris, the latest sign of US investment banks stepping up their presence in the French capital after Brexit.

Citigroup Inc. is preparing to shift more business into the European Union on the back of fresh guidance from regulators this week, a top banker in the region said.

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.

Some 400 moves were announced in the last quarter, taking the total number of shifted roles since the 2016 referendum to 7,500.

Tracker from EY finds 44% of big UK financial services players are moving staff to bloc or considering it.

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.

Guy Hands, Terra Firma Capital Partners chairman and chief investment officer, discusses the impact of Brexit on U.K. exports, investment strategy, and the influence of environmental, social and governance issues on the firm's mergers and acquisitions.

London is losing talent as financial markets fragment following Brexit, according to one the most prominent bankers at JPMorgan Chase & Co.

The European Commission’s financial services head insisted that U.K. clearinghouses will get no further access to the bloc’s markets after 2025, knocking back the Bank of England governor’s calls for an indefinite trade route into the European Union.

The European Union is unlikely to grant broad access for the City of London, and the flight of euro share trading from Britain to the bloc is permanent, UK bankers said on Monday.

The U.K.’s plan to review its financial rulebook undermines prospects of a deal with the European Union on post-Brexit market alignment, according to a leading EU lawmaker on the issue.

Executives question the UK government's efforts to secure post-Brexit financial services access to the European Union.

'With the UK having left the EU at the end of January, we will in due course no longer be able to operate in the UK with our European banking licence. As such we can no longer open new N26 accounts and will be closing existing accounts on 15 April 2020. ... We are sorry to be leaving and we understand this will be disappointing for our customers.'

Relocation to Amsterdam will give better access to European markets ‘regardless of Brexit outcome’.

The United Kingdom has passed the point of no return. It has less than six months to reach a new trade deal with the European Union or risk heaping more pressure on companies that are already laying off tens of thousands of workers because of the coronavirus pandemic.

As the possibility of a no-deal Brexit scenario increases, and the government publishes its “no-deal preparedness” notices, it is worth taking stock of the sheer variety of problems that would arise with a no-deal Brexit – and the devastating consequences that would arise from such a legal limbo. Here’s what we know so far.

If Deliveroo Holdings Plc’s listing was meant to hang an ‘Open For Business’ sign over the City of London, the opening day crash in the shares jarred somewhat with the message the U.K. had intended to send about post-Brexit Britain.

Deutsche Bank AG DB is transferring 100 bankers from the corporate banking unit in London to its offices in the EU and Asia. This move is part of the bank’s accelerated restructuring moves, on account of the U.K.’s exit from the European Union.

Those who have the right to work in the EU can reapply for their jobs.

Bank says 2,000 front office people could be moved, with another 2,000 posts to be reviewed depending on new regulations

A new survey shows that since the Brexit referendum, Dublin remains the most popular destination for staff relocations and new European hubs or offices.

In the race for business lost by the City of London because of Brexit, Amsterdam’s stock market has surprised European rivals by carving out the biggest slice so far.

The European Central Bank said global lenders who set up units in the euro area after Brexit are still too dependent on operations outside the region, a conclusion that may lead some banks to move more staff into the bloc.

As ECB lines up decisions by end of the year, FN enquiries show it has not ruled out heading to branches in person. / Compliance experts fear a potential crackdown on post-Brexit rule breaches as the European Central Bank looks set to start visiting banks as part of its so-called desk-mapping review.

MPs have branded a post-Brexit shake-up aimed at boosting growth in the financial sector a "damp squib". / The Treasury Committee said since the "Edinburgh Reforms" package was set out, there has been little progress.

The timetable for the major new controls that have already been imposed and those that have been delayed

Lobbyists in the City with knowledge of the talks are sceptical — calling such a model the 'lowest possible version' of a future UK-EU framework.

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.

To avoid unfair competition, the bloc's markets regulator promises to closely examine British-based financial firms.

The European Union published three draft laws on Wednesday to lift economic growth by deepening its capital market through less reliance on post-Brexit London, cutting red tape on company listings and streamlining insolvency rules.

Irish and Dutch watchdogs have indicated they will more closely police the practice

Mandatory clearing of derivatives contracts by pension funds in the European Union should start in June 2023, helping the bloc to cut reliance on London, the EU's securities watchdog said on Tuesday.

The European Union swiftly rebuffed calls from the UK government that London's financial services firms should enjoy continued access to the single market even if the country breaks away from the bloc's rules after Brexit.

Trade body Make UK adds to pressure on Rishi Sunak as it calls for reset of relationships with Europe. / Business leaders say frayed relations with the EU are costing the British economy, as suppliers in the bloc grow more cautious about doing business with post-Brexit Britain.

Brussels plans to crack down on a patchwork of national arrangements that allow banks outside the EU to sell services into the bloc, dealing a blow to lenders in London that rely on the arrangements to cushion the impact of Brexit.

The European Union is set to block some countries from accessing parts of the bloc’s financial market for the first time...

The European Banking Authority (EBA) is an independent EU Authority which works to ensure effective and consistent prudential regulation and supervision across the European banking sector. Its overall objectives are to maintain financial stability in the EU and to safeguard the integrity, efficiency and orderly functioning of the banking sector.

The European Banking Authority (EBA) is a regulatory agency of the European Union headquartered in London.

ESMA is an independent EU Authority that contributes to safeguarding the stability of the European Union's financial system by enhancing the protection of investors and promoting stable and orderly financial markets.

Europe Letter: ‘Outrageous’ demand by investors to buy EU’s debt seen as vote of confidence in euro.

The European Union’s chief Brexit negotiator rejected the U.K.’s latest proposals for financial firms to do business with the 27-nation bloc after Brexit, accusing Britain of trying to keep as many of the benefits of the single market as it can.

More than 7,000 finance jobs have moved from London to the European Union as a result of Brexit, down 400 from the total anticipated in December, consultants EY said on Tuesday.

The EU is the largest export market for Britain’s financial firms, but their access will be cut off if no new trading terms have been agreed by January when a post-Brexit transition period ends.

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

Around half of senior finance executives polled by Big Four accountancy EY expected Brexit to drive more jobs out of London, despite prime minister Boris Johnson’s claims that the City remains an attractive destination for bankers to continue doing business.

Checks and controls on all UK exports to EU whether or not trade deal struck, says Brussels negotiator.

We are beginning to see UK financial services following Northern Ireland and the fishing industry under the wheels of the Brexit bus, exactly as Catherine McGuinness, the City of London Corporation’s head of policy said last year.

The European Commission today adopted an equivalence decision determining that the United States Securities and Exchange Commission (SEC) regime for US central counterparties (CCPs) is equivalent to EU rules.

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.

France is threatening to block regulations that would allow the U.K. to continue operating financial regulations in Europe if the country doesn’t respect its Brexit commitments on fishing.

Most of the London-based positions at BNP Paribas, Credit Agricole, and Societe Generale will move to Paris.

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.

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

Anti-Brexit campaigner Gina Miller was told a bank account for her political party would close without explanation.

Goldman Sachs bolstered its EU operations by 350 staff last year, as major investment banks face increasing pressure to shift staff to the continent in the wake of Brexit.

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.

The financier and former Tory donor says leaving the EU was a plan by the rich to make themselves richer and the poor poorer.

In this Federal Trust Briefing, financial expert Graham Bishop argues that three years after leaving the EU, there are no discernible signs of any benefits from Brexit for the UK financial sector. As the City’s leaders are recognising with growing alarm, the City’s international standing is slowly sinking.

Europe’s top securities watchdog wants London-based hedge funds and asset managers to prove they have built up a presence in the European Union after Brexit.

The banks pay huge amounts of tax. If they lose business, then Britain’s economy will suffer.

Senior Italian government officials say that the economic and social turbulence in Britain that has followed the withdrawal from the EU has been eye-opening, writes Kim Sengupta.

Banks, asset managers and insurers have already moved nearly £1 trillion of assets out of the UK and to other European countries ahead of Brexit, with more likely to be shifted in coming months, according to new research.

The boss of the UK’s largest bank has warned banks and their clients will have to swallow higher costs if Brexit fragments the European financial market.

While Britain braces for its exit from the EU in March 2019, HSBC announced on Monday that seven of its Europe-focused offices will move from London to Paris early next year.

Not everyone is convinced that scrapping a number of regulations imposed after the 2008 financial crash will benefit the economy.

Cross-border payments service provider Banking Circle has identified an issue affecting some financial institutions handling cross-border transactions from the UK to the EU.

International banks in the UK are under increasing pressure to tighten up compliance with post-Brexit rules amid a regulatory review.

Many Brexit issues 'still need to be negotiated,” said the JPMorgan boss.

The U.K.’s hopes of a swift trade deal with Japan will ultimately rest on a successful resolution to the main talks between London and the European Union on a new trading arrangement, some experts say.

Norinchukin announces plan day after Shinzō Abe offered public backing for May’s deal.

Labour and the Lib Dems have condemned the chancellor's plan to weaken regulations introduced after the financial crash.

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.

JPMorgan Chase & Co. is pushing about 300 London-based investment banking staff to sign fresh contracts confirming they’ll leave the U.K. in the event of a no-deal Brexit, people familiar with the matter said.

Bank sees little chance of financial services deal with EU.

The French capital has gained one year on from Brexit, but cities such as Dublin, Amsterdam and Frankfurt have also emerged as winners.

Starting from 1st January 2021, the provision of banking, financial investment services in Italy by British banks, electronic money institutions, and investment firms shall be deemed to be abusive, unless they have obtained the required authorizations to operate as third-country firms by the competent supervisory authorities.

An EU forum for discussing financial services with Britain will be similar to what the United States has, and it must be in place before market access will be considered, the bloc’s financial services chief said on Monday.

Young bankers waiting to learn when or whether they might be relocated to the European Union can take some solace from the fact that oftentimes, their bosses also don’t know their own fate.

An index compiled by Bloomberg showed combined market capitalisation of primary listings in Paris overtook London in US dollar terms.

Dublin was been chosen as the most desirable place for jobs from London’s financial district, as 135 firms have relocated business to the Irish capital because of Brexit, according to new research.

Closely-watched rankings suggest uncertainty over Brexit has had a short-term impact on the City of London's status.

A report from think tank New Financial says around 300 of a predicted 1,000 EEA firms will set up in the UK

The golden age of the City of London began with a big bang. It’s ending with a whimper.

The City of London’s will remain a global financial centre but may not see the ‘golden age’ again, according to NatWest bank chairman Howard Davies.

The difficulties of relocating staff during a pandemic has postponed some finance jobs from moving out of London and into the European Union, according to EY.

London is in danger of becoming a mere “regional stock market” down the line unless it significantly raises its game -- that is the warning from Mark Austin, the latest person charged with sprucing up the UK’s listing rules and helping the city maintain its position as one of the world’s leading financial centers.

The men behind Trussonomics and Brexit, the two great man-made catastrophes of recent years, are to be honoured for their ‘great work’.

Wealth managers seeking new bases from which to serve European clients have landed on Luxembourg, with the Grand Duchy seen as a natural successor to London.

President Emmanuel Macron will declare that Paris is back on the map of global finance on Tuesday when he inaugurates JPMorgan's new trading hub in the French capital which he hopes will attract more bankers leaving post-Brexit Britain.

Major banks are preparing to shift parts of their operations away from London as Theresa May is set to trigger Article 50.

Brussels’ former Brexit chief urges collaboration on shared challenges and reflects on tumultuous talks.

Around half of senior finance executives polled by Big Four accountancy firm EY expected Brexit to drive more jobs out of London, despite Prime Minister Boris Johnson’s claims that London’s financial district (known as the ‘City’) remains an attractive destination for bankers to continue doing business.

At least 10 banks, building societies and credit card firms have now decided to close accounts held by Brits living abroad in Europe as a result of Brexit, MoneySavingExpert.com has found – with Nationwide and Co-op Bank among the latest to announce closures. We've full info below on what banks are doing, plus help on what to do if you're affected.

Morgan Stanley has been accused of making up a fake job title for one of its employees in an attempt to trick EU regulators into believing it had moved top execs to Europe to meet post-Brexit rules.

Morgan Stanley Chief Executive Officer James Gorman said the bank expects to move 400 to 500 jobs out of the U.K as the nation breaks from the European Union. / “It’s net negative, there’s nothing particularly good about Brexit.”

Equivalence permits for UK financial services unlikely to be ready by January 1st.

A year and a half after Brexit, investment banks are still grappling with evolving requirements to run capital markets deals for EU clients from within the bloc, with consequences for the job market there and in London.

London continues to lag behind New York as the most attractive financial centre of the world, an apparent legacy of Brexit that has made the UK capital take the second spot in Global Financial Centres Index (GFCI) rankings for the third year in a row.

Survey of top bankers and asset managers puts Wall Street in front of the City as favoured location for financial services.

No bank is obliged to give anyone facilities if it doesn’t wish to – the same as if Farage was barred from a pub or banned from a shop, writes Sean O’Grady.

The bank's UK chief said smaller businesses, which are 'the lifeblood of the economy' will be more at risk.

The Netherlands has lured 140 Brexit-wary companies since the 2016 referendum to quit the EU, it was claimed on Wednesday.

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

London is currently Europe’s leading financial centre but the French authorities dream of seeing Paris in the lead.

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.

The success of Paris in luring banks from London after Brexit has exceeded expectations and is increasingly reflected in France’s balance of payments, the central bank said.

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.

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.

The last week of upheaval in the banking world is proof of the importance of a competitive landscape; we must do more to ensure a level playing field for smaller banking players, writes Karen Bradley.

Talks to give U.K. financial services firms access to the European Union’s single market after Brexit have been put on hold, according to a government minister.

UK dismisses EU call for its trawlers to continue operating in UK waters.

This Communication explains the measures that the Commission adopted today, 19 December 2018, in response to that call, together with other crucial steps in the implementation of its Contingency Action Plan.

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.

Top level bankers face the axe as Brexit forces reorganisation on sector.

Brexit was a ‘hassle’ as Revolut had to rethink its roadmap for the business.

Sadiq Khan has called for the government to provide greater clarity for the City of London post-Brexit, with the mayor telling Rishi Sunak to “address the concerns of London’s financial and professional services sector”.

New banking regulations could increase the cost of small business lending by around a third and “fundamentally change” the market as debate around the implementation of international banking rules in the UK intensifies.

A whole host of issues arising from the UK's departure from EU are still unsolved after the latest Budget, City commentators note. / Issues ranging from the future of the government's rulebook and the banker bonus cap to London's status as a listings venue and a regulatory deal with the EU were not referenced in Hunt's 15 May speech, City leaders have noted.

Britain’s financial services sector should be ready for a no-deal Brexit when a transition period with Brussels expires in December, a senior European Union official said on Wednesday.

Sunak boasts of the UK as a leader in technology. He does not remind us that Brexit eroded our position.

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.

Trade has plummeted and red tape has blocked our borders. Is that what ‘protecting our sovereignty’ meant?

The City of London’s chief coping mechanism for dealing with Brexit’s threat to the financial services business is to dismiss the loss of jobs and investment as a trickle rather than a flood.

Mark Carney and other financiers seem to think London can do business as usual without playing by the EU's rules. This is confidence bordering on complacency.

Yesterday, May 30, an important part of London’s influence in the European financial world quietly slipped away. The European Banking Authority (EBA) closed its Canary Wharf office. There was no press release, no news report, only a statement on its website giving its new address. On Monday, June 3, it will re-open in Paris, France.

First, the lorry drivers dried up. Now, lobbyists in post-Brexit Britain are warning of another looming skills shortage: bankers.

The man who speaks for the City knows the bankers can’t do without Europe.

Half a decade after the referendum, the economic hit to the UK caused by Brexit is becoming clearer. But it will be years before the true impact is understood

A post-Brexit deal should make it easier to build supermarkets, avoid tax and sue the UK, US business lobbyists say.

Brexit was always going to be a recipe for the long-term decline of London as a financial centre Any ideas that suggested otherwise were ludicrous.

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.

Lloyds and Barclays among banks taking action due to lack of post-Brexit trade deal.

Nearly a hundred highly paid bankers left Britain ahead of its departure from the European Union, the bloc's banking watchdog said on Wednesday, the latest confirmation of how Brexit has reshaped Europe's financial sector and its tax base.

THE Tories are risking a repeat of “the catastrophe of the financial crash in 2008” by cutting back on the safeguards placed on banking in its wake, the SNP have warned.

Concerns are now mounting that the practice could be deemed questionable by EU regulators.

Talks between the EU and UK on the Northern Ireland protocol are not making much headway and the EU has insisted that issues of trust will need to be resolved before any UK access to EU financial services will be considered.

The Banker’s rankings of the UK’s five largest banking groups by Tier 1 capital – HSBC, Barclays, NatWest (formerly RBS), Lloyds, and Standard Chartered – have generally declined since 2013.

Britain could end up giving EU fishing fleets access to its waters in exchange for favourable terms on the continent for City financiers, the bloc's trade chief has suggested.

Britain on Friday launched a post-Brexit plan to relax curbs on its powerhouse City sector introduced after the 2008 financial crisis, denying the reforms will bring about new instability.

With Brexit complete, UK negotiators are now striving to reclaim selected access to EU financial markets.

New rules over corporate lending and market trading mean EU rivals may soon have a competitive advantage.

'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.'

Brexit is no reason to radically alter British financial regulation and regulators should not be forced to water down rules to boost London’s competitiveness, or stray from global standards, a UK parliamentary committee report said on Thursday.

The UK government is looking to scrap the cap on banker bonuses, as it eyes a further break with legacy EU rules, The Independent reported.

Britain is easing banking rules brought in after the 2008 global financial crisis in a bid to attract investment and secure London’s status as Europe’s leading finance center.

UniCredit SpA is planning to move most of its London-based trading staff to Milan as Chief Executive Officer Andrea Orcel looks to accelerate plans by the bank to shift more people to the continent after Brexit.

Britain has been told to prepare for a no-deal Brexit when the transition period ends on 1 January 2021, after trade deal talks reached an impasse.

Brussels firms up position and bloc’s unity before tough talks on future relationship with UK.

British sentiment toward leaving the European Union appears to be changing. As the United Kingdom marks a year since its Brexit referendum vote, a new opinion poll shows that a majority now wants to stay. Special correspondent Malcolm Brabant gets a range of reactions as the country faces its independent future.

Mairead McGuinness, European commissioner for financial stability, financial services and the capital markets union, says Brexit equivalence on clearing is over in 2025.

City financial firms have so far committed to move at least 7,000 jobs and £1 trillion of assets out of the UK to prepare for Brexit, with the true cost likely to be higher, research has found.

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.

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.

Mairead McGuinness has launched a plan to strengthen EU’s financial system post-Brexit.

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.

The initial phase of Brexit moves was just the beginning, say senior bank executives.

Boris Johnson has told us that the City of London will ‘adapt and prosper mightily’ after Brexit. But the industry itself is rather less confident, reports Ben Chu.

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.