London market News
Brexit Transition Deal Needed by Christmas, Bank of England Official Warns
Britain's banks need a watertight Brexit transition deal by Christmas to avoid a potentially disorderly shift of people and operations to the European Union, a top Bank of England official said on ...
London-Based Insurers Seeking Post-Brexit EU Licenses Warned About Gaming System
London-based insurers applying for licenses to operate in the European Union after Brexit will be scrutinized for any attempts to game the system, the bloc's insurance watchdog said. Insurance ...
Bank of England: 130 Financial Firms to Seek Post-Brexit UK Licenses
The Bank of England expects 130 financial firms from across Europe to apply for licenses to continue operating in Britain after Brexit, its Deputy Governor Sam Woods said on Tuesday. Woods, who ...
UK PM May Pursues Brexit Strategy Reboot With Transition Period Request
U.K. Prime Minister Theresa May will reboot her Brexit strategy on Friday by proposing a period of transition after the split with the European Union even if that means continuing to send money to ...
EU Officials Don’t See UK PM May Breaking Brexit Negotiation Deadlock
European Union officials aren't holding out much hope that U.K. Prime Minister Theresa May will next week break the deadlock in the Brexit negotiations. A week before May delivers a speech in ...
UK Business Leaders Want May to Seek Three-Year Brexit Transition
British business leaders urged Prime Minister Theresa May to seek a three-year transitional period after Brexit, warning failure to secure more time would jeopardize "our collective prosperity." In a ...
Conflict Grows in Brexit Negotiations
British trade minister Liam Fox said on Friday Britain would not be blackmailed into agreeing on the cost of leaving the European Union, and urged Brussels to move negotiations on to discuss ...
Brexit Deadline: UK Insurers Must Decide on Moving EU Policies by November
Insurers in Britain face crunch time within weeks if the government and the European Union do not allow millions of cross-border policies to continue to run undisturbed beyond Brexit. While Britain ...