U.K. Chancellor of the Exchequer Sajid Javid said the country will split from the European Union effective Oct. 31, Reuters reported on Monday (Sept. 30). “Hopefully we leave with a deal,” Javid told ITV, Reuters reported. “If we cannot strike a deal, I think it is...
International financial institutions in the U.K. are getting ready for changes as it becomes more likely there will be a no-deal Brexit in October, Bloomberg reported on Friday (Aug. 30). Among the banks formulating action plans are JPMorgan Chase & Co., Nomura Holdings Inc. and...
Usually, when a situation is described as a food fight, the term is used in a colorful way. Adults, after all, do not normally throw food at each other – and so the claim typically signals that the participants in the dispute have regressed to...
Goldman Sachs has decided to delay the German launch of its consumer bank Marcus until 2020. Richard Gnodde, who heads Goldman Sachs International, announced plans to roll out Marcus into Germany one year ago. The initiative was expected to launch in 2019 to coincide with Brexit,...
Theresa May, the prime minister of the U.K., is expected to face backlash over a proposal in which EU nations would pay the same rate as other international students to study at U.K. colleges and universities. According to a report in The Financial Times, critics...
British companies are preparing for Brexit by stockpiling goods at rates usually seen during times of war. In fact, according to a report in The Wall Street Journal (WSJ), just in the month of March, U.K.-based companies stockpiled raw materials and components at the fastest pace...
The cost of voting to leave the European Union has been 6.6 billion pounds every quarter for the U.K., according to research from S&P Global Ratings. S&P Senior Economist Boris Glass said the U.K.’s economy would have been 3 percent larger as of the end...
Amid the pending withdrawal of the U.K. from the European Union (EU), easyJet noted that travelers are more reserved with their ticket bookings as the the future relations between Britain and the bloc are uncertain. Even with the company’s first-half loss within expectations, easyJet said...
Market regulators in the United States and the U.K. have finished working on two potential agreements in the event of a no-deal Brexit, according to a report in The Financial Times. The agreements would be for cooperation and oversight of the fund management industry and the...
