Banking

Brexit dividend discovered in Sheffield

It is proving increasingly difficult to identify the benefits Brexit might bring. Now a team of economists based in Sheffield have detected an upside in deflating an over-bloated UK finance sector, writes…

Barclays eyes Scotland as post-Brexit base

Glasgow is cost-friendly, has a good workforce – and might be in the EU when independent, staff reporters are told. Barclays’ headquarters in London could be in name only in a post-Brexit…


Pragmatic Frankfurt woos banking giant

The world’s biggest wealth manager, Swiss bank UBS, has chosen Frankfurt over London to set up its new subsidiary, UBS Europe SE. And the American banking giant, Citigroup, is considering moving some…


EU to profit as banks consider their future

As the UK government seems determined to pursue a hard Brexit, banks in the City are planning to shift some operations and thousands of jobs to other European Union countries to ensure…


The City takes its fight to the House

Up to 35,000 jobs and £5 billion of annual tax revenue could be at risk if the May Government pursues a hard Brexit, a parliamentary committee will be told today. Miles Celic,…


Deutsche Bank: death by a thousand cuts?

Deutsche Bank remains between a rock and a hard place. It has yet to persuade US authorities to lower their demand for $14 billion to settle allegations that it mis-sold mortgage-backed securities…