Frankfurt Main Finance, the lobbying group, is warning that London will lose up to €800bn (£700bn) in assets to Frankfurt by March as banks begin moving business to Germany ahead of Brexit. According to a report in The Guardian, the new data came after 30 banks...
European Union leaders have approved a treaty with Theresa May outlining Brexit terms with the U.K. According to the Wall Street Journal, the country’s Parliament is expected to vote on the deal in December. However, Conservative Party lawmakers, as well as some members of the...
Brexit is still being hammered out. Much remains to be done, and amid political wrangling, the future of what financial services will look like after the divorce between the UK and the EU remains uncertain. From passporting to equivalence, here are a few lingering issues.
The United Kingdom and the European Union have come to an agreement that will give London’s financial center basic access to the EU’s markets after Brexit. According to Reuters, the deal will be based on the EU’s existing system of financial market access known as...
As U.K. gears up to leave the EU, questions arise over cross-border trade and payments. Might technology be a salve? One study from Nexus found that blockchain is getting consideration from mid- to large-sized companies ahead of the 2019 separation.
Great Britain could be headed toward a long recession if it can’t strike a Brexit deal. Credit ratings agency Standard & Poor’s (S&P) warned that failing to make a deal might bring Britain into a recession that could last as long as the one sparked by...
The CEO of Jaguar Land Rover has warned that key industries will be destroyed by a hard Brexit. Last month it was reported that the U.K. is making preparations in case a Brexit deal doesn’t go through by the March 2019 deadline. In July, Brussels rejected the U.K.’s...
Aston Martin and Funding Circle, two high-profile companies that went public in London, aren’t fairing well as public companies — which bankers in the U.K. warned could hurt future IPOs for the remainder of this year. According to a report in the Financial Times citing bankers,...
The U.K.’s request for the European Union to expand its financial market access after Brexit isn’t going to be met in the near future. Reuters, citing Levin Holle, director general of financial markets policy in Germany’s finance ministry, reported that request won’t be met any time soon....
