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Finance Industry Tears Into Britains Brexit Trading Plans

LONDON – Britain’s finance industry attacked the government on Thursday for ditching its blueprint for trade with the European Union after Brexit, saying...

Factbox Britain Seeks Narrower Eu Access For Financial Services After Brexit

LONDON – Britain published on Thursday its proposals for future trade with the European Union after it leaves the bloc next March, seeking a new arrangement that...

Eu And Boe Clash Over Fate Of Financial Contracts After Brexit

BRUSSELS/LONDON – The European Commission said on Wednesday that existing financial contracts, such as derivatives or insurance, are unlikely to be affected by...

Eu Says Existing Financial Contracts Unlikely To Be Affected By Brexit

BRUSSELS – The European Commission’s vice president said on Wednesday existing financial contracts, such as derivatives or insurance, are unlikely to be...

Sterling Slides As Foreign Ministers Resignation Heaps Pressure On May

LONDON – Sterling slid on Monday after the resignation of the British foreign minister heaped pressure on Prime Minister Theresa May, but its losses were expected...

Uk Banks Told To Show Their Backup Plans For Tech Shutdowns

LONDON – British banks and other financial services firms were given three months on Thursday to explain how they can avoid damaging IT breakdowns and respond to...

Uk Lawmakers Ask Hammond And Carney For Brexit Impact Studies

LONDON – British lawmakers have asked Finance Minister Philip Hammond and Bank of England Governor Mark Carney to produce and publish analyses on the impact of...

Boe Tells Banks And Insurers To Be Wary Of Crypto Assets

LONDON – Banks and insurers should be wary of crypto-assets as they can be highly-volatile and vulnerable to fraud, the Bank of England said on Thursday. Sam...

The Bigger Cryptocurrencies Get The Worse They Perform Bis

LONDON – Cryptocurrencies are not scalable and are more likely to suffer a breakdown in trust and efficiency the greater the number of people using them, the Bank...