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Category: Financial Services

Brexit passporting: Little appetite among EU finance firms to stay in London as FCA applications disappoint | City AM

31 December 2021 BrexitCarnage Leave a comment

“It appears many European financial-service firms are not interested in continuing to be authorised in the City, as only half…

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Posted in: Business, Financial Services, Trade, UK Filed under: authorisation, city, financial-services, london, temporary-license

Bulgarian shoppers find bargains in Turkey as lira struggles | Associated Press

27 December 2021 BrexitCarnage Leave a comment

“Turkey is in the throes of an economic crisis with official inflation figures above 21%.” https://www.msn.com/en-gb/money/other/bulgarian-shoppers-find-bargains-in-turkey-as-lira-struggles/ar-AASaNal?ocid=st

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Posted in: Currencies, Economy, EU, Europe Filed under: bulgaria, economic-crisis, inflation, lira, turkey

EU Should Cut Dependence on U.K. Clearinghouses, ESMA Says | Bloomberg

22 December 2021 BrexitCarnage Leave a comment

EU Should Cut Dependence on U.K. Clearinghouses, ESMA Says https://www.bloomberg.com/news/articles/2021-12-17/eu-should-reduce-dependence-on-u-k-clearinghouses-esma-says

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Posted in: Business, EU, Financial Services, Trade, UK Filed under: finance, financial-services, london

Brexit to drive expansion of European speciality managing general agents | Reinsurance News

21 December 2021 BrexitCarnage Leave a comment

“Uncertainties driven by the UK’s vote to leave the EU saw numerous intermediaries establish offices in the EU and 2022…

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Posted in: Business, EU, Financial Services, Insurance, UK Filed under: finance

Lockdowns Delay London’s Brexit Banker Departures, EY Says | Bloomberg

20 December 2021 BrexitCarnage Leave a comment

“Depending on the trajectory of the omicron variant and its impact on international travel in the short term, delayed moves…

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Posted in: Banking, Trade, UK Filed under: banker-departures, city, lockdown

City firms set to revive EU relocation plans in 2022, Brexit report predicts | The Guardian

BrexitCarnage Leave a comment

Tracker from EY finds 44% of big UK financial services players are moving staff to bloc or considering it City…

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Posted in: Banking, EU, Financial Services, Insurance, UK

Amazon’s ruthless move to block Visa credit cards forces anxious businesses to make stark choices | City AM

11 December 2021 BrexitCarnage Leave a comment

  Amazon’s ruthless move to block Visa credit cards forces anxious businesses to make stark choices. The harsh reality of…

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Posted in: Business, Business Services, Financial Services, Retail, Trade, UK Filed under: 938, amazon, cards, visa

London’s role as a financial hub is secure if UK adopts cryptocurrencies | FX Empire

6 December 2021 BrexitCarnage Leave a comment

London’s Role as a Financial Hub is Secure if UK Adopts Cryptocurrencies https://www.fxempire.com/forecasts/article/londons-role-as-a-financial-hub-is-secure-if-uk-adopts-cryptocurrencies-829987

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Posted in: Financial Services, Trade, UK

Getting balance right on UK euro clearing may take years, says EU official | Reuters

18 November 2021 BrexitCarnage Leave a comment

Getting balance right on UK euro clearing may take years, says EU official | Reuters

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Posted in: Financial Services, Politics, UK

JPMorgan makes Paris its first European hub

4 July 2021 BrexitCarnage Leave a comment

Paris has become JPMorgan’s main trading centre in the European Union, Chief Executive Officer Jamie Dimon said at the inauguration…

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Posted in: EU, Financial Services, UK Filed under: banking, jpmorgan, paris

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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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