The London Stock Exchange has started implementing contingency plans in case the UK crashes out of the EU without a transition deal.
The European Bank for Reconstruction and Development (EBRD) is planning to stay in London after Brexit, in spite of the departure of other agencies with a remit covering Europe.
The UK government has started to fight back against Brussels over the future of the City, after the most recent post-Brexit model was rejected.
There will not be a "big Brexodus" from the City immediately after the UK leaves the EU - but the numbers could still rise in the longer term if a good deal does not materialise, MPs were warned today.
The City has blasted the government's new blueprint for Brexit, after it was revealed the preferred model for financial services has been dropped.
The world’s largest financial broker TP ICAP fired CEO John Phizackerley on Tuesday and warned rising costs would see profit fall short of expectations this year, sending its shares crashing by more than a third.
JPMorgan Chase which employs about 10,000 people in London, has asked “several dozen” employees to relocate across the European Union before the U.K. formally leaves the bloc in March next year.
The London Stock Exchange (LSE) has confirmed that it has applied for several trading licences in the Netherlands as a contingency against a hard Brexit.
Barclays has begun shifting 40 to 50 investment banking jobs from Britain to Frankfurt as part of its plans to continue doing business in the European Union after Britain leaves the bloc in 2019, a source familiar with the matter told Reuters.
Financial services firms increased hiring and investment in the second quarter in spite of continued nerves over the Brexit process, new figures show.
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.
Barclays, which houses one of the world’s biggest investment banks, will create about 150 new roles as the firm prepares for Britain’s exit from the European Union, a top executive told U.K. lawmakers.