Latest Brexit News: Finextra Research

Paris urges City staff to 'join the frogs'

Parisian business district La Defense has launched a major advertising campaign across prominent locations in the heart of London urging Brexit-battered City workers to move to France.

18 October 2016

News/Brexit

Brexit jitters hit Misys IPO

The forthcoming IPO of UK-based core banking supplier Misys is running into strong Brexit headwinds as its equity backers prepare to shear £1 billion off the anticipated value of the firm in response to volatile trading conditions.

17 October 2016

News/Brexit

Robots blamed for sterling flash crash

Robot traders are being blamed for a currency rout which saw the pound plunge by six percent in just two minutes in early Asian trading Friday.

07 October 2016

News/Brexit

Hard Brexit will have a crushing impact on UK tax take and jobs warns City lobby

The UK stands to lose £10 billion in tax revenue and 70,000 financial sector jobs if the Government goes ahead with plans for a full-scale divorce from the European Union.

05 October 2016

News/Brexit

France rewrites rule books in anticipation of mass UK exodus

French regulator are speeding up licensing procedures and providing an English-speaking contact for British financial institutions and fintech firms looking to relocate their business in the event of a hard exit from the European Union.

29 September 2016

News/Brexit

Brexit be damned: UK fintech weathering the storm

Three months on from the Brexit referendum result and investment in UK fintech firms shows no sign of slowing down, according to data from Innovate Finance.

19 September 2016

News/Brexit

Brexit: What does it mean for derivative contracts?

Simon Leifer, partner at D2 Legal Technology, says financial firms should not underestimate the time and effort that will be needed to check their legal and derivatives contracts to ensure that they are not caught out by the effects of Britain's exit from the European Union.

08 August 2016

News/Brexit

Lloyds to cut further 3000 jobs and close 200 branches in wake of Brexit vote

Lloyds Banking Group is accelerating its cost-cutting drive by announcing more job cuts and branch closures despite doubling its profit in the first half of 2016.

28 July 2016

News/Brexit

UK startups get Brexit boost while UK funds suffer

Venture capitalists have invested more than $200m in UK tech startups in the month following the controversial Brexit vote, allaying fears that London's growing tech sector would be one of the first casualties of the withdrawal from the European Union.

25 July 2016

News/Brexit

N26 granted German banking licence

N26, the Berlin-based challenger bank formerly known as Number26, has been awarded a full banking licence in Germany, aiding its push to expand its mobile banking service across Europe.

21 July 2016

News/Brexit

Clydesdale Bank cuts IT contractor pay

Temporary IT workers at UK-based Clydesdale Bank have agreed to a 10% pay cut in order to hold on to their jobs, according to news site ContractorUK.

20 July 2016

News/Brexit

UK firm claims largest ever P2P loan

UK-based Nucleus Commercial Finance claims it has made the largest ever P2P loan to date following a £14.5 million financing facility offered to UK steel stockholder Industrial Metal Services (IMS).

20 July 2016

News/Brexit

Brexit-scarred London fintech startups enquire about moving to Berlin

Britain's recent vote to leave the European Union has prompted several London-based fintechs to enquire about moving to Berlin, claims a business development group in the German capital.

18 July 2016

News/Brexit

UK P2P lender MarketInvoice raises £7.2m

MarketInvoice, a UK-based P2P lender has secured more than £7m in its latest round of fundraising, defying the economic uncertainty around startups following the UK's controversial vote to leave the European Union.

18 July 2016

News/Brexit

The vultures are circling: EU states eye up London's finance crown

As states across Europe eye up London's business riches and tout their EU-friendly fintech credentials, German centre-right political party Freie Demokraten is taking a cheekily direct approach, driving a giant billboard truck into the heart of the capital emblazoned with an invite for Brexit-scarred startups to move to Berlin.

07 July 2016

News/Brexit

Fear and loathing dogs London's fintech scene as Brexit dread spreads

London's fintech community is calling for the UK Government to deliver a 'Brexit Blueprint' that includes single market access and financial services passporting, as fears mount over a softening of venture capital financing and a talent drain for startups operating out of the capital.

05 July 2016

News/Brexit

Challenger banks unfazed by Brexit - PwC

The widely expected post-Brexit recession does not appear to be putting off challenger banks looking to launch in the UK, says PwC.

04 July 2016

News/Brexit

Brexit: Visa could move jobs to continent, LSE-Deutsche Bourse London HQ at risk

The Brexit fallout continues, with concerns rising that Visa might move hundreds of jobs out of the UK, the London Stock Exchange's merger with Deutsche Bourse could be hampered, and the City's role running euro clearing is under threat.

29 June 2016

News/Brexit

Fintech starts to reflect on the realities of Brexit

As the UK's banks take a pounding on the stock market and Sterling sinks to new lows, speculation surrounding the future of London's shell-shocked financial services industry in a post-Brexit world hits fever pitch.

27 June 2016

News/Brexit

Brexit vote sends shock waves through financial markets

A British vote to exit the European Union has sent shock waves through the financial markets, pushing the pound into freefall and raising profound implications for City jobs, regulations, and the country's nascent fintech industry.

24 June 2016