Brexit

Bank of America has spent $300 million to $400 million getting ready for a potential hard Brexit, CEO Brian Moynihan said.

Citigroup said in an internal memo it proposed relocating 45 employees from its trading unit and 18 from its private bank.

The Royal Bank of Scotland reported lower-than-expected results for the third quarter of this year on Friday.

The former Stock Exchange Tower in London’s Square Mile has been sold for £385m to a Singaporean group that said it took advantage of Brexit uncertainty to strike the deal.

Barclays reported stronger-than-anticipated earnings on Wednesday, despite ongoing macroeconomic uncertainty and lingering concerns over Brexit.

The European Central Bank has toughened its demands for how many people and IT resources it expects banks to have in the euro area on the day the U.K. leaves the European Union

But the good news is that the job loss projections are down from 10,000.

The Bank of England has issued its strongest warning yet to the EU that its lack of adequate planning for Brexit has created growing risks for almost £70tn of complex financial contracts.

The race for a parking space.

Deutsche Bank is considering shifting large volumes of assets from London to Frankfurt after the UK’s planned exit from the European Union next year to meet demands from European regulators, a person close to the matter said on Sunday.