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While Theresa May tries to get her Brexit deal over the line, banks have already packed their bags and started moving to Frankfurt.
So much damage has already been done to the UK because of Brexit. The mere whiff of uncertainty has been enough to send many companies packing.
’28 months of work undone in hours’: The City of London reacts to the chaos of Theresa May’s crumbling Brexit deal
City of London investors and analysts are scrambling to make sense of Thursday's Brexit developments.
Britain’s financial regulator is slapping down the City’s ‘bad apples’ and won’t let up any time soon
The FCA has banned 23 "bad apples" from working in financial services in the past 12 months, a 28% rise since the year before.
UK and EU secured a deal on the relationship for financial services firms operating in the two jurisdictions after Brexit. The pound rallied 1%.
European Central Bank reportedly wants to crack down on a practice known as "back-to-back" booking after Brexit.
Executives from JPMorgan, Citi, and Barclays Ireland gave evidence to UK MPs on Tuesday about the impact of Brexit on their industry. All three said their banks expect just 150 roles to be moved out of London in the immediate aftermath of Brexit.
Britain and the EU are currently discussing a new relationship for financial services, most likely based around the principle of equivalence.
The City of London issued a stark warning about the future of European finance after Brexit — and the EU is listening
According to a report from The Times on Tuesday, UK officials told Brussels that "thousands" of European investment funds will be under threat if the EU insists on a hardline approach to the City.
Deutsche Bank is shifting business out of London — and it hints at a troubling post-Brexit future for a $1 trillion industry
Eurozone financial bigwigs have consistently argued that euro clearing should take place within the euro area, and Britain has repeatedly had to defend its right to clear trades.