As the risk-on rally resumes in European stocks, a pillar of the market is facing some of its worst losses since the Brexit vote.
Since Britons voted to leave the European Union, overseas companies have completed 475 acquisitions of U.K. firms.
Money managers are being taken to task for fear-mongering over post-Brexit regulations.
The shared currency is headed for its worst run of weekly losses in more than three years,
Banks planning to set up units in the euro area for life after Brexit got some welcoming words from their future supervisor.
Mark Carney’s window to raise interest rates before Brexit is closing.
Financial firms are pressing the U.K. to stick as closely as possible to the European Union’s MiFID II restrictions on algorithmic trading, warning the Bank of England against imposing even tougher rules on the industry ahead of Brexit.
If MiFID II was the equivalent of stubbing one’s toe, firms need to start preparing now so that the anticipated three-fold increase doesn’t turn into an expensive and ever-more painful root canal.
As it scrambles to roll over some 40 European Union trade deals into individual agreements with the U.K., London has its eyes on plenty of additional negotiations.
Banks already face a slew of threats from Brexit. Come May 25, they’ll have one more thing to worry about: GDPR.