financial firms

 
 

Companies moving out as Brexit looms

PARIS, Feb 19 — As Britain’s March 29 departure from the European Union looms, several major companies have announced they are downsizing their operations in the UK or completely shipping out. A panorama: Industry hit hard Amid Brexit jitters as…


Eurozone loan growth picks up in December

FRANKFURT, Jan 28 — Lending to the private sector in the eurozone picked up pace in December, official data showed today, suggesting little effect from the withdrawal of a key pillar of central bank stimulus last month. Borrowing among eurozone…


Goldman warns as UK lawmakers examine life after Brexit for banks

LONDON, Jan 25 — British lawmakers launched an inquiry today to plot the best way forward for finance after Brexit as Goldman Sachs warned it could cut jobs if the United Kingdom crashes out of the bloc without an agreement in two months’ time….


US Fed: Political, trade uncertainty undercuts US business optimism

WASHINGTON, Jan 17 — US economic activity continued to expand at least modestly in recent weeks but political and trade uncertainty is undercutting optimism, the Federal Reserve said yesterday. Companies also are concerned about volatility in…


City of London unites in call for urgent Brexit transition deal

LONDON, Jan 16 — Britain must urgently come up with a new plan to avoid leaving the European Union without a deal in just over 70 days' time and destabilise markets, finance leaders said yesterday. British lawmakers voted by 432 to 202 to reject a…


EU banking watchdog says new cryptoasset rules may be needed

LONDON, Jan 9 — New European Union rules may be needed to better protect consumers from cryptoasset risks and stop diverging national regulations from creating unfair competition, the bloc's banking watchdog said today. Regulators have warned…


EU moves closer to tightening rules on London-based investment firms

BRUSSELS, Jan 8 — European Union governments agreed yesterday that foreign investment firms wanting to operate in the euro zone will have to set up branches inside the bloc, a move that will mostly hit London-based financial firms. At the same…


Ahead of China anniversary, trade war fans calls for reforms

BEIJING: China’s trade war with the United States is spurring some Chinese entrepreneurs, government advisers and think-tanks to call for faster reforms in the world’s second-largest economy and the freeing of a private sector stifled by state controls. The calls for change have become louder as China approaches a key anniversary later this month, although […]


Brexit Britain’s financial sector faces ‘slow puncture’

LONDON, Dec 12 — Life in London’s financial district will appear little changed when Britain leaves the European Union on March 29, defying predictions of an exodus of high-flyers to rival centres like Paris, Frankfurt and Dublin. But as chaos…


British lawmakers launch investigation into bank IT failures

LONDON, Nov 23 — British lawmakers launched an inquiry today into computer systems failures at financial services firms, after a number of outages in recent months left millions of customers unable to access their money or make vital payments. The…