Brexit

Corporate Treasurers On The Lookout For FinTech, PSD2 And Brexit

Corporate treasurers gathered for the Association of Corporate Treasurers (ACT) annual conference last week, and there, treasury professionals made clear where their...

2.1K

Retail

Bank Won’t Lend To Malls In The U.K.

Amid a difficult year for retail in Britain, a large lender now says it won’t lend to shopping centers in the country. Deutsche...

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Amazon Says UK SMBs Feeling The Benefits Of Tech

Amazon U.K. released its latest survey of small business (SMB) sentiment in the country, finding an increase in confidence the company attributes...

1.8K

ICOs On US Lawmakers’ Radar, As Ban Mulled

Initial coin offerings, or ICOs, have been on the receiving end of much criticism and a growing amount of regulatory scrutiny. Now...

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UK Corporates Brace For Weaker Sterling, Slower Economic Growth

Market volatility and uncertainties linked to Brexit seem to have hit corporate spending in the U.K. harder than expected, reports in Reuters...

1.9K

FinServ Executives Frustrated With Lack Of Regulatory Harmony

President Donald Trump and Brexit unsurprisingly dominate the conversation among executives surveyed by Duff & Phelps for its 2018 Global Regulatory Outlook...

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SMBs Feel Neglected By Banks — But Lack Unbiased Information To Switch

U.K. small businesses (SMBs) have made it clear they’re willing to switch financial service providers to access the financial services they need...

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IMF Warnings Could Dampen Small Biz Global Ambitions

Geopolitical volatility continues to rattle major markets like the U.S. and the U.K., but small businesses (SMBs) remain resiliently focused on expansion...

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International

Minister Of State On Ireland’s Post-Brexit Financial Services Landscape

Brexit looms large for Ireland amid trade and border concerns. But opportunity abounds, says minister of state Michael d'arcy, as financial services...

2.3K

Businesses Idle As FX Volatility Hits Profits Hard

Analysts have been abuzz about the potential – and realized – impact of Brexit on businesses in the U.K. abroad, with far-reaching...

4.3K

Regulatory Tracker: Blockchain At The State Level, FinTech Sandboxes Go Global — Maybe

Blockchain at the State Level In legislative news, a bipartisan bill is making its way through Congress that urges government agencies to...

2.7K

Brexit Trade Deal Flop Could Mean $80 Billion Price Tag For Businesses

New analyst estimates say the cost of Brexit without a negotiated trade deal will cost businesses on both sides of negotiations billions...

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International

EU To Give Crowdfunding Startups A Passport

The European Commission floated the idea of issuing so-called “passports” for crowdfunding startups in an effort to drive growth in the financial...

2.3K

Britain, EU Spar Over Rejected FinServ Trade Offer

Britain and the European Union continue to remain deadlocked in their efforts to negotiate a trade deal with financial services agreements included,...

4.0K

Europe

EU Proposed Law Aims To Make Friends With FinTech

As the European Union (EU) prepares for the U.K.’s exit from the bloc next year, the EU’s executive is set to propose...

2.7K

UK Endures 1.5 Million Decline In Global Traders

Researchers found a $1.5 trillion gap in available trade finance around the globe, a void that may be holding small and medium-sized...

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Earnings

Worldpay Beats 4Q Estimates, Eyes eCommerce Growth

Worldpay reported results on Wednesday (Feb. 28) that beat analyst expectations, as transactions grew in the mid-single digits. Vantiv, based in the...

1.7K

Borrowing By UK Corporates At Three-Year Low

Reports in Bloomberg on Monday (Feb. 26) said that, according to new data, businesses in the U.K. are borrowing at their lowest...

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Today In Data

Today In Data: Self-Employment, Finance Jobs And PayPal’s Woes

Today in PYMNTS data, self-employment is on the rise, finance jobs could shift out of the U.K. in the Brexit aftermath, Flywire...

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UK Banks’ Brexit Game Plan: Denied, With No Plan B

The financial services community is one of the most anxious when it comes to navigating the uncertainties of Brexit. U.K. financial institutions...

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UK Still Doesn’t Have A Post-Brexit Trade Plan

The U.K. government is facing criticism after reports surfaced that a long-awaited report on the nation’s trade plans for Brexit may never...

2.0K

Brexit Effect Reduces 37 Percent Of Financial Jobs In London

Brexit is being blamed for a 37 percent drop in new financial sector jobs available in London last month. According to Reuters,...

5.8K

UK Warns Of Financial Crisis Threat If EU Blocks Brexit

Blocking the U.K.’s exit from the European Union could spark the next global financial crisis, according to warnings issued by two U.K....

3.7K

Regulatory Concerns Ease For The World’s CFOs

Chief Financial Officers (CFOs) have more on their plates than ever before. Financial management and strategy is now only part of the...

2.0K

UK’s BBB Ramps Up Asset-Based SMB Financing In Brexit Prep

The British Business Bank (BBB) has announced a $40 million commitment to provide U.K. small- and medium-sized businesses (SMBs) working capital loans...

Helping New-To-Country Entrepreneurs Land On Their Feet In The UK

Ask any entrepreneur, and he or she will tell you that starting a new business isn’t easy. Now imagine moving to a...

Banking

Paris Tapped As New Home Of The European Banking Authority

The European Banking Authority (EBA) has made a decision to move to Paris, France, a relocation that should increase the chances of...

3.6K

As UK Readies For Open Banking, FinTechs Struggle With SMB Awareness

U.K. financial institutions (FIs) have been advised to comply with the EU’s Revised Payment Service Directive (PSD2) regulations despite Brexit, but the...

2.7K

EU Watchdog Regulates Use Of Foreign Credit Ratings

In the European Union, use of credit ratings that have their genesis outside the EU is about to get a little more...

City of London Asks For Bank Regulation Changes In Light Of Brexit

Regulators in the U.K. are being called on to keep banks competitive on a global basis once they exit the European Union...

1.5K

UK Suppliers To Lose EU Business, Survey Finds

U.K. suppliers could lose a lot of business from their EU corporate clients, according to a new survey by the Chartered Institute...

3.1K

Loans

Volkswagen Applies For UK Banking License

German car manufacturer Volkswagen (VW) has confirmed it is in the process of applying for a U.K. banking license that will enable it...

3.5K

SMBs Split On Hard Vs. Soft Brexit Expectations, Survey Finds

A significant portion of small- and medium-sized enterprises (SMEs) surveyed by Bibby Financial Services expect a “hard Brexit” to occur — that is,...

BofA CEO Sees Little Upside From Brexit

Brexit won approval from U.K. voters more than a year ago, but so far Bank of America (BoA) hasn’t seen any benefits...

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Manufacturers, Uncertain On Brexit, Pull Back On Investments

If there’s one thing investors don’t like, it’s uncertainty. And that holds true for all types of investments, well beyond the stock...

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London Is Still Top FinTech Dog — And The Industry Wants It To Stay That Way

For all of the commotion about Brexit, it appears as though London’s reign over the world of FinTech may be secure —...

CHAPS Payment Scheme Confident In Payments Rebound Post-Brexit

The U.K.’s Clearing House Automated Payments System (CHAPS) is forecasting growth over the next decade. In a report published Wednesday (Oct. 11),...

Foreign Investment In UK Slips As Brexit Nears Reality

Last week was a tough one for U.K. Prime Minister Theresa May, who had to contend with a sore throat and a...

1.4K

UK Federation Of Small Businesses Facing Heightened Criticism, Waning Membership

The U.K. Federation of Small Businesses (FSB) is facing increased criticism from some of its early supporters, a problem compounded by the...

Bank Of England Sees Brexit As Threat To Lending

As Brexit looms ever closer, Reuters reports, the departure of Britain from the European Union (EU) means that British companies may find...

2.6K

Clarity On EU Citizen IDs — And Bigger Brexit Bills Ahead?

In the Brexit world, news the past several days has centered, among other things, around how citizens of the European Union (EU)...

4.0K

News

PSD2 Revised Rules Finalized, ICOs Get More Scrutiny

Amid financial regulatory headlines, the Financial Conduct Authority last week published its roadmap for implementing the revised Payment Services Directive, commonly known...

3.2K

UK Says No Thanks To EU On Finance Regulation

The British government has announced that the U.K. will look to develop its own regulatory framework separate from EU standards as part...

3.1K

European Commission Proposal Consolidates Power Over Financial Industry

In an effort to extend the European Union’s (EU) control over the financial industry following Brexit, the European Commission released a proposal...

4.3K

Why B2B May Be The Key To Europe’s FinTech Pursuit

Europe is on the path to entice FinTechs. European Union (EU) finance ministers met this week to discuss ways in which the...

5.1K

Finserv Exodus Won’t Be As Bad As Initially Thought, Says Reuters

A new survey released by Reuters on Monday (Sept. 18) suggests the outflow of finance sector professionals from the U.K. economy as...

2.5K

Bank Regulation

EU To Centralize Market Supervision At Banks’ Expense

The European Union wants market supervision to integrate more fully than has been the case, with the price tag borne by the...

3.3K

Brexit Hasn’t Knocked London Off Top Spot In Finance World

Despite Brexit, London remains the most attractive destination for finance, according to a new survey from The Z/Yen global financial centers index...