British banks are prepared for Brexit and European banks have failed to prepare adequately, the head of the Financial Conduct authority has said in comments reported by Britain’s Times newspaper. European regulators are playing rough with British banks to scare businesses
Goldman Sachs CEO Lloyd Blankfein admitted — despite previously strong anti-Brexit remarks — that he’d been wrong about the impact of Brexit, and was surprised at how little economic impact the vote had caused so far.
Much-revised ‘Project Fear’ predictions of an economic collapse following the Brexit vote look set to be pushed even further into the future, as Britain’s multi-billion pound aerospace industry breaks new records and studies show London is on course to continue outpacing rival financial centres Frankfurt and Paris.
LONDON (AFP) – The outlook for London’s financial sector has improved since Brexit was triggered, insists the man charged with its policy, even as banks remain set to move some jobs abroad. Mark Boleat, who spoke on Thursday to AFP after British
LONDON (Reuters) – Financial institutions based in Britain will lose so-called passporting rights allowing them to operate across the European Union unless post-Brexit Britain is at least part of the European Economic Area, ECB policymaker Jens Weidmann has said. “Passporting
A City of London boss has slammed the campaign to remain within the European Union (EU) as “Orwellian,” spinning “Alice in Wonderland propaganda.” He has called on Britons to vote to leave, arguing we have a “duty to protect ourselves” against
From the Financial Times: Those campaigning for Britain to leave the EU are not bigoted little Englanders. The accusations made by the Remain camp about commerce and inward-looking Brexit campaigners are questionable. Too often, their arguments are based on financial
Leaving the European Union (EU) could be a cause for “celebration” in the City of London as business will be free from the shackles of Brussels regulations, a leading businessman has said. Businessman and financial pundit David Buik said that
The vitality and success of the City of London is not because of Britain’s European Union (EU) membership, but in spite of it. As the EU referendum date draws closer, passionate arguments on both sides will soon be overtaken by
The City of London Corporation has boosted its presence in Brussels with the appointment of former U.K. Minister of State for Foreign Affairs Jeremy Browne, a Liberal Democrat. His title from September 1 will be “Special Representative for the City.”
