Brexit is still being hammered out. Much remains to be done, and amid political wrangling, the future of what financial services will look like after the divorce between the UK and the EU remains uncertain. From passporting to equivalence, here are a few lingering issues.
The hard line Brexit stance is now in hard copy. On Thursday, the latest installment in the Brexit saga became a bit of a page turner – pun intended – as British Prime Minister Theresa May published the Conservative Party manifesto, and as Bloomberg noted,...
The drumbeat of financial firms looking for an exit from the U.K. in advance of Brexit is getting louder. Ernst and Young noted this week that firms operating in investment banking and insurance are disclosing plans move from the U.K. Research from E&Y, said Law360,...
In the debate over Brexit, the only certain thing is … more debate. Bloomberg News reports the latest salvo centers on jobs and where they may be headed. Banks waded into the thick of the discussion as the talent pool may shift away from London, and at...
November 22, 2018
Brexit is still being hammered out. Much remains to be done, and amid political wrangling, the future of what financial services will look like after the divorce between the UK and the EU remains uncertain. From passporting to equivalence, here are a few lingering issues.
February 11, 2020
FinTech bank N26, based in Germany, will no longer operate in the U.K. following Brexit, according to reports. N26 customers will need to transfer deposits, spend all their money or withdraw funds before their accounts close on April 15, 2020. In Europe, EU financial institutions can take advantage of a process called passporting, where they can […]
April 19, 2017
TransferWise, an international payments startup valued at over $1 billion, is relocating its European headquarters from the U.K. by March 2019. According to Business Insider, this could be a sign of how...
February 27, 2017
Has the Bre-xodus begun? The movement of FinTech firms away from what has traditionally been the FinTech capital, which would be London, has indeed started to take root, reports The...
July 20, 2016
The long-held notion that FinTech players could be leaving London, widely regarded as a breeding ground for tech innovation, may be starting to bear fruit, and as some have speculated, Berlin...
