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Category: Banking

NatWest suffers its steepest share fall since Brexit | This is Money

27 October 2023 BrexitCarnage Leave a comment

​  The bank reported ‘disappointing’ third-quarter results, missing analyst profit expectations and trimming its lending margins guidance. Read More 

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

Law Group Calls For Clarity On Financial Reforms After Brexit | Law360

26 October 2023 BrexitCarnage Leave a comment

​  A legal charity has urged HM Treasury to clarify the impact that repealing European Union regulations will have on some…

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Posted in: Banking, Europe, Financial Services, Law, Regulation, UK Filed under: brexit, eu, financial-reforms, regulation, uk

City of London calls for permanent EU market access for UK clearing houses | Euronews

25 October 2023 BrexitCarnage Leave a comment

​  … 2025 and pave the way for the two sides to “rebuild trust” after Brexit. Read More 

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Posted in: Banking, Europe, Financial Services Filed under: brexit, clearing-houses, eu, uk

Post-Brexit Britain scraps cap on banker bonuses inherited from EU | Nasdaq

24 October 2023 BrexitCarnage Leave a comment

​  Britain on Tuesday scrapped a decade-old cap on banker bonuses inherited from the European Union, signalling a clear divergence in…

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Posted in: Banking, Europe, Financial Services, Regulation, UK Filed under: banker bonus cap, brexit, eu, uk

Paris won the race for banking jobs after Brexit. What’s next? | Financial News

23 October 2023 BrexitCarnage Leave a comment

​  France’s capital beat out other cities to become international banks’ new EU hubs after the UK left the bloc. But…

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

M&G to shut £565m UK property fund | Citywire

19 October 2023 BrexitCarnage Leave a comment

​  Significant outflows from the M&G fund have occurred every year since the Brexit vote, including a massive £1bn in 2019,…

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

Brexit red tape sees British expats locked out of their pensions | The Independent

11 October 2023 BrexitCarnage Leave a comment

  UK’s exit from EU has seen overseas residents’ bank accounts closed – leading to ‘big problems’ accessing savings  …

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Posted in: Banking, Europe, Financial Services, Migration Filed under: pensions

Brexit warnings ‘exaggerated’, says Bank of England governor | Daily Business

5 October 2023 BrexitCarnage Leave a comment

​  The worst predictions for the effects of Brexit were exaggerated and it has actually created “opportunities”, the Bank of England…

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Posted in: Banking, Europe, Financial Services Filed under: bailey, bank-of-england, brexit, eu, uk

Proskauer Rose bets big on Paris in post-Brexit push | Financial News

4 October 2023 BrexitCarnage Leave a comment

​  When Proskauer Rose poached a 19-strong team from Shearman & Sterling in Paris, it was the culmination of a long-held…

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

Banks face Paris talent crunch: ‘We’re fighting for change’ | Financial News

2 October 2023 BrexitCarnage Leave a comment

​  Hundreds of traders moved from London to Paris after Brexit, attracted in part by generous tax breaks that allow them…

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Posted in: Banking, Europe, Financial Services, Regulation Filed under: banks, brexit, eu, france, paris, 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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