About: City of London Archives
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French business lobby: ‘Prolonging Brexit will damage the EU’
The result of the British referendum should be enacted as soon as possible to avoid paralysing the European Union, France's top business lobbyist told EURACTIV France.
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Frankfurt woos London banks after Brexit vote
A German politician said on Thursday (18 August) he was trying to persuade foreign banks to make Frankfurt their home after Britain's vote to leave the European Union, and outlined how Europe's biggest economy wants to bolster its financial capital at London's expense.
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City of London urges courting of ‘old’ friends like US, Japan after Brexit
Deepening ties with European companies and "old friends" like the United States and Japan would help Britain preserve its global role in finance after leaving the EU, an industry body said on Wednesday (3 August).
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France, Luxembourg roll out red carpet for post-Brexit business
British Prime Minister David Cameron once gleefully offered to "roll out the red carpet" for French executives wanting to escape staggering wealth taxes.
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Hollande says post-Brexit City must relinquish euro business
Britain's City of London financial district would have to give up its role in processing euro currency transactions after it leaves the European Union, French President François Hollande warned on Wednesday (29 June).
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Sleepless in the City: London traders brace for referendum
London's financial district is set for a sleepless night Thursday (23 June) as traders hunker down to await the hotly-anticipated EU referendum result.
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EU warns UK deal ‘fragile’ as Paris, East seek changes
A draft accord to help keep Britain in the European Union is "very fragile", a top EU official warned yesterday (10 February) as France and eastern states pushed for changes before leaders meet to try and seal the deal next week.
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City of London’s relations with eurozone confounding Brexit talks
Draft European Council conclusions suggest that the relationship between eurozone countries and the City of London remains a sticking point in negotiations on a series of reforms to keep the United Kingdom in the EU.
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HSBC, Barclays say EU has been crucial to London success
Britain's financial sector has thrived in the European Union and quitting the 28-country bloc could limit access to a huge market and trigger an "investment pause" due to inevitable disruptions, senior bankers told lawmakers on Wednesday (6 January).
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Surprise drop in UK finance bosses backing staying in EU
Fewer senior finance executives in British firms want to stay part of the European Union than six months ago, a new survey by professional services firm Deloitte said on Monday (4 January).
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Osborne goes to Scandinavia seeking support for EU reform
Chancellor of the Exchequer George Osborne will take the British government's campaign for EU reform to three Scandinavian capitals on Monday (24 August), hoping to drum up support from non-euro member states such as Sweden and Denmark.
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Brexit fears haunt London’s roaring trade in euros
If there is a symbol of British ambivalence to Europe then it may be the euro itself.
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UK financial services would bear brunt of Brexit, report finds
London is likely to suffer the most in the event of the UK leaving the European Union, according to a new report by Open Europe, a euro-critical think tank.
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UK concedes defeat in bid to block EU bank bonus limit
Britain suffered an embarrassing defeat in its attempt to block the European Union's new limits on bank bonuses on Thursday (20 November), withdrawing its legal challenge after an adviser to the bloc's top court made clear it was unlikely to succeed.
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Brexit will destroy the City of London as we know it
Should the UK vote to leave the EU in a future referendum, the decision will have far-reaching and damaging consequences for London's financial sector, writes Sajjad Karim.
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UK exemption from EU bank rules ‘illegal’, lawyers say
Exempting Britain's banks from planned European Union rules to curb risky trading would be illegal, the bloc's lawyers said on Monday (16 June) in a legal opinion that marks another setback for UK attempts to limit Brussels' influence on the City.
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EU exit is bad for business, says UK lobby group
A British exit from the European Union could wreck London's position as the only financial centre to rival New York and isolate the country's economy, research ordered by a lobby group for banks and money managers showed.
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EU’s Reding warns Brexit would isolate London’s City
London's financial services centre would lose access to the wider European Union should Britain quit the bloc, the EU's justice chief said on Monday (17 February), warning that such a move would reduce its status to that of an offshore centre.
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EC on the UK-EU row over banker bonus cap
Britain has launched a legal challenge to the European Union's cap on bankers' bonuses which London fears will hurt its financial industry.
Capping bankers' bonuses in the EU has been on the European Commission's agenda since the onset of the financial crisis.
Under a deal struck by MEPs and EU member states in 2010, bonuses could be capped at 30% of their bankers' salaries, rising to as much as 20% for higher salary bands.
EU rules on compensation are enshrined in proposed amendments to the existing Capital Requirements Directive. -
Britain sues EU over banker bonus cap
Britain has launched a legal challenge to the European Union's cap on bankers' bonuses which London fears will hurt its financial industry.
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UK wins legal backing on EU’s short-selling ban
Britain has won backing to curb the power of the European Union market watchdog to ban short-selling in a boost to a campaign against the concentration of financial regulation in Brussels at the expense of the City of London.