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Category: Banking

Goldman Sachs to scrap cap on bonuses for hundreds of UK staff | The Guardian

4 May 2024 BrexitCarnage Leave a comment

​  Changes will allow the investment bank’s star performers to earn up to 25 times their annual salary. Read More 

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Posted in: Banking, Europe, Financial Services Filed under: bonuses, brexit, cap, eu, goldman, uk

French bank to close dozens of Britons’ accounts citing Brexit | The Connexion

23 April 2024 BrexitCarnage Leave a comment

​  Regional caisse in south-west blames complicated post-Brexit rules and measures to stop money laundering. Read More 

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Posted in: Banking, Europe, Financial Services, UK Filed under: banks, brexit, eu, france, uk

Goldman Sachs moves senior banker to Paris in post-Brexit revamp | Financial Times

BrexitCarnage Leave a comment

​  Head of financial institutions group for Europe relocates at sensitive time for its operations on the continent. Read More 

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Posted in: Banking, Europe, Financial Services Filed under: brexit, eu, goldman, paris, uk

Private credit ties to banks deepen in Europe as default risk rises | Reuters

15 March 2024 BrexitCarnage Leave a comment

​  Europe’s private credit funds are increasingly borrowing from banks to boost their performance, fuelling concerns about the wider risks posed…

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Posted in: Banking, Europe, Financial Services Filed under: brexit, eu, private credit, uk

Brexit, crisis ‘hangover’ keep UK bank shares undervalued, minister says | US News/Reuters

22 February 2024 BrexitCarnage Leave a comment

​  By David Lawder. WASHINGTON (Reuters) – Shares of British banks are undervalued partly by lingering perceptions that they are still…

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Posted in: Banking, Europe, Financial Services Filed under: bank shares, brexit, eu, uk

European Banking Federation boss Wim Mijs: Brexit was ‘mutually destructive’ | Financial News

5 February 2024 BrexitCarnage Leave a comment

​  Can the EBF chief executive and ‘voice of banking’ help to bring the continent’s lenders together — and still have…

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Posted in: Banking, Europe, Financial Services Filed under: brexit, EBF, eu, uk

France’s Lawyers Still Benefiting From Brexit as Paris Strengthens Its Role as Global Financial Hub | Law.com

17 January 2024 BrexitCarnage Leave a comment

​  The Macron government has promised to introduce further reforms to attract more banks private equity and hedge funds prompting Paris…

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Posted in: Banking, Business Services, Europe, Financial Services, Law Filed under: brexit, eu, france, lawyers, paris, uk

There are 79% fewer banking jobs in London since Brexit | eFinancialCareers

16 January 2024 BrexitCarnage Leave a comment

“Newly open banking jobs in London fell from a peak of 108,000 in 2015 to just 23,000 last year.” https://www.efinancialcareers.com/news/2024/01/brexit-banking-jobs-london

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Posted in: Banking, Financial Services, Industry, Labour issues, UK Filed under: banking-jobs, brexit, london

UK signs Swiss financial services deal as battle for post-Brexit access continues | Financial News

23 December 2023 BrexitCarnage Leave a comment

​  UK’s ‘third-country’ status risked putting up barriers to finance firms working with one of the world’s biggest wealth hubs. Read More 

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Posted in: Banking, Europe, Financial Services, Insurance Filed under: brexit, eu, Switzerland, uk

Italian citizen’s bank accounts frozen owing to ‘shameful’ post-Brexit rules | The Guardian

BrexitCarnage Leave a comment

​  Massimo and his British wife Dee say settlement scheme designed to frighten immigrants into leaving UK. Read More 

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Posted in: Banking, Europe, Financial Services, Migration Filed under: bank account, brexit, eu, italy, uk

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Comment on Carnage

  • Mark on Brexit has been a resounding disaster. Starmer must find the courage to change course | The Guardian
  • Kevin Jones on New entrance fee to visit Europe set to triple, says European Commission | CNBC
  • Elizabeth Gardiner on Labour is risking UK financial crisis by refusing to re-join EU | Rejoin EU Party
  • Elizabeth Gardiner on Brexit rule could leave UK passport holders banned from Spain for three years | Liverpool Echo
  • Elizabeth Gardiner on Reeves accused of leaving devolved nations in red after NICs rise | The Guardian
  • Elizabeth Gardiner on Bregret: Why many Britons regret leaving EU | Deutsche Welle
  • Kevin Jones on Brexiters’ ‘sabotage’ claims as new proposals clear Commons | The Independent
  • Graham on Brexiters’ ‘sabotage’ claims as new proposals clear Commons | The Independent

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