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Category: Financial Services

Citigroup lifts pre-Brexit cap on top London bankers’ bonuses | BNN Bloomberg

16 August 2024 BrexitCarnage Leave a comment

​  Citigroup Inc. is lifting the limit on some of its top UK bankers’ and traders’ bonuses, following in the footsteps…

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Posted in: Banking, Europe, Financial Services, UK Filed under: bankers, bonuses, brexit, eu, uk

EU banks warn about ‘protectionist’ UK plans to cap payments fees | Financial Times

BrexitCarnage Leave a comment

​  The row between European companies and the UK regulator exemplifies the difficulties of navigating regulatory divergence after Brexit. The push…

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Posted in: Banking, Business, EU, Europe, Financial Services, Industry, Trade, UK Filed under: brexit, eu, payment fees, protectionism, uk

Why UK pound is unlikely to regain pre-Brexit levels | Goldman Sachs

7 August 2024 BrexitCarnage Leave a comment

​  While he expects the pound to rally against the US dollar and the euro over the coming year, Trivedi, the…

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Posted in: Currencies, Economy, Europe, Financial Services, Opinion, UK Filed under: brexit, eu, pound, sterling, uk

Britain sets out next leg of post-Brexit City shake-up | Reuters

27 July 2024 BrexitCarnage Leave a comment

​  The proposals also draw lessons from the collapse of London Capital & Finance, leaving investors nursing losses from the unregulated…

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Posted in: Banking, Business, Business Services, Europe, Financial Services, Insurance, Politics, Regulation Filed under: brexit, city, eu, uk

Sterling needs more than higher UK rates to stay in fast lane | Reuters

18 July 2024 BrexitCarnage Leave a comment

​  The pound hit its highest in a year on Wednesday, driven by investors who are scrambling for juicier returns as…

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Posted in: Currencies, Economy, Europe, Financial Services, UK Filed under: brexit, eu, rates, sterling, uk

How UK election could make or break pound’s run | Reuters

27 June 2024 BrexitCarnage Leave a comment

​  Britain’s pound has bounced ahead of an expected landslide election win for the opposition Labour Party but the currency’s future…

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Posted in: Currencies, Europe, Financial Services, Politics Filed under: brexit, election, eu, uk

City dreams of Labour win to achieve new Brexit deal | Politico

26 June 2024 BrexitCarnage Leave a comment

It’s considered a ‘hanging offense,’ but could some EU countries hash out side deals with the UK on financial services? Read…

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Posted in: Banking, EU, Europe, European Commission, Financial Services, UK Filed under: brexit

Pound nears 2016 levels as election nods to new Brexit tack | The Globe and Mail

1 June 2024 BrexitCarnage Leave a comment

​  The optics of sterling hitting its highest since 2016′s Brexit referendum after a surprise UK election announcement is hard to…

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Posted in: Currencies, Economy, Europe, Financial Services, Politics Filed under: brexit, eu, sterling, uk

Big firms quitting UK ‘not a crisis’, says stock market boss | BBC

17 May 2024 BrexitCarnage Leave a comment

​  Many big firms are delisting in the UK but the London Stock Exchange’s chief says there is no need to…

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Posted in: Europe, Financial Services Filed under: brexit, eu, firms, stock market, uk

Compliance headaches haunt City eight years on from Brexit | Financial News London

15 May 2024 BrexitCarnage Leave a comment

​  It’s nearly a decade since the UK voted to leave the EU, but financial services firms still face a raft…

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Posted in: Europe, Financial Services Filed under: brexit, eu, 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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