Brexit
Financial services optimism drops at fastest rate since crisis on Brexit fears
Financial services optimism in the first quarter of 2019 dived at the fastest rate since the financial crunch of 2008…
Handelsbanken converts UK branch into subsidiary in Brexit move
In a bid to thwart business disruption post Brexit, Swedish lender Handelsbanken has transformed its UK branch into a wholly-owned…
French banks may relocate fewer staff from UK post-Brexit
French banks, with operations in the UK, may relocate lesser number of staff due to Brexit than earlier anticipated, Reuters…
JPMorgan to relocate dozens of staff out of UK in Brexit plan
US banking group JPMorgan has asked several dozens of its employees to start relocating out of London as it prepares…
Bank of America to relocate up to 125 staff to Ireland
Bank of America’s wealth management division Merrill Lynch has decided to relocate up to 125 employees to Ireland as a…
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FCA allots £30m for Brexit preparations plans
The UK’s Financial Conduct Authority (FCA) has set aside £30m to cover costs for preparations related to Britain’s departure from…
Ford plans to set up German bank this year
Automobile manufacturer Ford plans to set up a bank in Germany in the second half of this year as a…
Frankfurt fast replacing London as preeminent financial centre of Europe
Many more global banking groups including Citigroup and Deutsche Bank have now decided to beef up their presence in Frankfurt…