About: City of London

Brexit 06-02-2018

UK watchdog calls for finance pact with EU to avoid Brexit chaos

British and European Union watchdogs could sign a pact to avoid Brexit disrupting trillions of pounds in cross-border financial contracts and undermine market stability, a top UK regulator said yesterday (5 February).
Brexit 31-10-2017

Goldman CEO has high hopes for London HQ post-Brexit, despite uncertainty

Goldman Sachs chief executive Lloyd Blankfein expects to fill the firm's new European headquarters which is currently under construction in London, but said Britain's exit from the European Union left much outside the bank's control.
Brexit 11-10-2017

EU lawmakers tentatively back Brexit clearing law that could clobber Britain

European Union lawmakers on Tuesday (10 October) gave broad support to a law that could end the City of London's global dominance in clearing euro-denominated financial contracts after Brexit.
Brexit 24-08-2017

UK finance sector fights to preserve ‘passporting’ rights

The UK's financial sector is seeking an "ambitious" trade pact between Britain and the EU to try to prevent a costly shift of jobs and business to the continent once the country leaves the bloc, according to a draft report seen by Reuters.
Brexit 27-07-2017

Demand to rent UK commercial property falls to 5-year low

Demand to rent British commercial property levelled off for the first time in almost five years during the past three months, as online shopping hurt high-street retailers and Brexit and election worries unsettled other potential tenants.
Banking union 13-06-2017

EU seeks post-Brexit powers over London euro clearing

The EU unveiled plans Tuesday (13 June) to give itself powers to force a huge slice of London's banking business out of the UK after Brexit in a blow to the city's supremacy as a global financial hub.
Economy & Jobs 04-05-2017

EU declares Brexit battle over euro clearing

The EU fired a fresh salvo at the UK on Thursday (4 May), proposing fresh rules that would require a huge slice of London's banking business to leave the UK after Brexit.
Brexit 26-04-2017

Britain could lose 4,000 Deutsche Bank jobs over Brexit

Deutsche Bank could move up to 4,000 jobs away from Britain, the group's compliance chief said Wednesday (26 April), as Germany's largest lender struggles to work out the consequences of Brexit.
Brexit 25-04-2017

EU warns Britain: Don’t assume free trade deal for the City

European Union leaders will warn Britain it cannot assume its big financial services industry will be included in any free trade deal after Brexit, diplomats said on Monday (24 April) after fixing negotiating terms in a draft document.
Brexit 25-04-2017

Jobs hold fast in shadow of Brexit… for now

Britain’s labour market has so far been resilient, but salaries could fall as a result of increased competition after the country exits the EU.
Competition 29-03-2017

EU regulators scupper stock market merger on Brexit day

EU antitrust regulators vetoed a proposed €29 billion merger of Deutsche Börse and the London Stock Exchange on Wednesday (29 March), just as the UK triggered divorce talks with the EU.
Economy & Jobs 28-02-2017

As Brexit talks loom, EU dodges early clash with City of London

The European Union will not pick an immediate fight with the City of London over its right to clear euro-denominated securities, EU officials said on Monday (27 February) , as Britain prepares to trigger the process of quitting the bloc.