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Brexit
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499EconomyRetailers In Britain Say Sales Are The Worst In 10 Years
A survey of British retailers by the Confederation of British Industry (CBI) said retailers were witnessing the poorest sales performance this month...
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1.5KBrexitWhen Brexit Literally Turned Into A Food Fight
Usually, when a situation is described as a food fight, the term is used in a colorful way. Adults, after all, do...
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3.5KBrexitGoldman Delays Marcus’ Germany Launch
Goldman Sachs has decided to delay the German launch of its consumer bank Marcus until 2020. Richard Gnodde, who heads Goldman Sachs International,...
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2.0KBrexitTreasury Opposes UK’s Plans For EU Tuition Spike
Theresa May, the prime minister of the U.K., is expected to face backlash over a proposal in which EU nations would pay...
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2.5KSizzle/FizzleBrexit’s Fizzle Of A Timeline
In Samuel Beckett’s “Waiting for Godot,” there’s a line that rings a bit true of Brexit: “Nothing happens. Nobody comes, nobody goes....
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2.7KInternationalNo-Deal Brexit Will Slash 3.5 Pct Off UK GDP
The International Monetary Fund (IMF) warned on Tuesday (April 9) that a no-deal Brexit would sacrifice between two and three years of...
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1.8KBrexitBrexit Uncertainty Forces UK Cos To Stockpile Goods
British companies are preparing for Brexit by stockpiling goods at rates usually seen during times of war. In fact, according to a...
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2.7KBrexitBrexit Drama Costs UK Economy £6.6B Per Quarter
The cost of voting to leave the European Union has been 6.6 billion pounds every quarter for the U.K., according to research...
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2.2KBrexiteasyJet: Drawn-Out Brexit Could Impact Earnings
Amid the pending withdrawal of the U.K. from the European Union (EU), easyJet noted that travelers are more reserved with their ticket...
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4.5KBrexitUK, US To Work Together In Event Of No-Deal Brexit
Market regulators in the United States and the U.K. have finished working on two potential agreements in the event of a no-deal...
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1.8KBrexitFCA: No-Deal Brexit Poses Risks To Financial Sector
The Financial Conduct Authority (FCA) warned Thursday (March 21) that a no-deal Brexit poses risks to the financial sector and the customers...
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3.6KSizzle/FizzleSizzle/Fizzle: Brexit And The Waiting Game
Brexit takes its place as the big fizzle of the week. And to caption what happened, we might say that this week...
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3.9KBrexitParliament Rejects PM’s Deal And A No-Deal Brexit
It wound up being no deal for a no-deal Brexit. As widely reported this week, the U.K. Parliament gave a thumbs down,...
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2.7KBrexitUK Chancellor Hammond Warns Again About No-Deal Brexit
In a new warning about the U.K. leaving the European Union without a deal, Chancellor of the Exchequer Philip Hammond said people...
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3.9KB2B PaymentsCorporate Insolvencies Rising For First Time In Years
Economists continue to raise concerns about rising corporate debt levels, particularly in the two economic powerhouses of the world: the U.S. and...
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3.6KB2B PaymentsUK Gets Nod To Remain In SEPA
The U.K. has been granted permission to retain its membership in the Single Euro Payments Area (SEPA) after it leaves the European...
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4.9KInternationalThe Tie That Binds? The Royal Instagram And Brexit Preppers
Over the centuries, the British have gained a reputation for a certain steadiness of character, best epitomized via the “Keep Calm and Carry...
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2.8KEuropeBrexit Prompts EU Watchdog To Urge Protection Of Consumer Deposits
Ahead of the U.K.’s potential departure from the European Union, the bloc’s banking watchdog is imploring member states to protect the deposits of...
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4.9KSizzle/FizzlePOS Financing, Etsy And Brexit — The Week In Sizzles And Fizzles
Some things are instant hits — smartphones, television and voice-controlled personal assistants are all good examples of technologies that more or less...
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3.0KInternationalBrexit Delay May Loom, But What’s Next?
After the delay, the deluge? As has been widely reported, in Britain, Prime Minister Theresa May has agreed to a deal that...
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2.4KBrexitMay Delays Brexit Vote As Late As March 12
British Prime Minister Theresa May has delayed a vote in Parliament on her Brexit deal. “We won’t bring a meaningful vote to...
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2.2KPersonnelSantander Banker Tapped To Lead EBA
The European Banking Authority (EBA) announced that it has nominated José Manuel Campa as its new chairperson. The EBA said in a statement...
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4.6KFintech InvestmentsIn UK, FinTech Fundraising Gathers Steam
Brexit may dominate the headlines when it comes to the United Kingdom, but FinTech funding proceeds apace, and financial backers show a...
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3.4KRegulationBrexit To Bring ECB Scrutiny To Bear On Banks
Brexit backlash? Banks should brace for more focus – at least from the European Central Bank – on capital structure and liquidity...
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3.6KInternationalAs Brexit Looms, FinTech Firms Scramble For Lithuanian Licenses
With Britain set to leave the European Union on March 29, financial companies from Britain and elsewhere are scrambling to secure electronic...
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2.2KBrexitUK Preps For No-Deal Brexit Via Customs, Clearing Houses
The U.K. continues to prepare for the possibility of a no-deal Brexit by making sure its clearing houses and customs procedures can...
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4.3KInternationalProspect Of ‘No Deal’ Brexit Has FinTechs Scrambling
Deal or no deal? No, not the game show, because in the case of “no deal,” it seems like no one wins....
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4.6KB2B PaymentsBarclays Shifts 15 Pct Of Assets To Dublin In Brexit Plan
U.K. financial institution Barclays has moved about 15 percent of its total assets to Dublin in anticipation of Brexit, reports in the...
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4.4KB2B PaymentsTradeshift Eyes Brexit In Plummet Of B2B Payments Volume
Cross-border corporate payments and supply chain management company Tradeshift says Brexit is to blame for a plummeting of business-to-business transactions, reports said...
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4.7KLoansEurozone Banks Expect Credit Standards On Business, Home Loans To Tighten
The European Central Bank warned Tuesday (January 22) that eurozone banks are planning on tightening credit standards when it comes to business...
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3.9KInternationalUK Mortgages, Credit Demand To Decline Pre-Brexit
British lenders say that leading up to Brexit, they expect the largest drop in demand for credit cards and mortgages than they’ve...
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Government Suppliers To See A Few Changes Post-Brexit
In a historic defeat, U.K. Prime Minister Theresa May saw a dramatic rejection of her Brexit deal on Tuesday (Jan. 15), adding...
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4.5KInternationalBrexit A Bust – And A Blow To UK’s FinTech Role?
Down for the count, where the tally is 432 to 202. And for Brexit, the question now becomes: What’s next? The news came...
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3.5KBrexitConsumer Lending In UK Declines Amid Brexit Uncertainty
The pre-Brexit decline in the U.K. economy is showing further signs as lending to consumers in the country increased at the slowest...
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2.6KInternationalEuropean Bank Stocks Down A Collective 25 Percent
It’s been a difficult year for European banks, and shares in 2018 were the worst since the eurozone crisis, according to the...
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4.2KB2B PaymentsEleven Banks Cleared For Piece Of $1B RBS Fund
Eleven banks have been granted access to a £350 million ($443 million USD) program that will allow for them to take business...
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3.9KRetailGlobal Economic Uncertainty May Affect Final Lap Of US Holiday Shopping Season
Even though it’s off to a strong start, troubles in Europe and a global consumer slowdown could adversely affect the final stretch...
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3.1KRegulationSEC Head Begs EU, UK To Stabilize Post-Brexit Plan
Jay Clayton, the chief of the U.S. Securities and Exchange Commission (SEC), urged European Union and U.K. lawmakers to prepare for a...
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3.9KB2B PaymentsKenya Gets Ready To Unveil Sandbox Policy
Kenyan financial authorities are on the cusp of unveiling a FinTech sandbox that will initially focus on robo-advisors and consider blockchain. Across Europe,...
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3.1KRegulationEBA To Banks: Prepare For Brexit
The European Banking Authority (EBA) told European banks on Monday (Dec. 17) to prepare for Brexit and the possible sudden withdrawal of...
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2.3KEconomyConsumer Spending In UK Falls In November Despite Black Friday
Consumer spending in the U.K. last month took its largest fall since July as worries about Brexit weighed on consumer confidence. According...
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28.4KBrexitEBA: No-Deal Brexit Would Hurt UK Payment Firms
Payment providers in the U.K. are not fully prepared for the chance of a no-deal Brexit, warned the European Banking Authority late...
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3.5KToday In DataToday In Data: The ‘Two Steps Forward, One Step Back’ Dance In Payments And Commerce
While progress is always ongoing in payments and commerce, its path isn’t always straightforward or even. In China, mobile payments adoption has...
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3.7KBrexitWhat Delayed Brexit Vote Means For Financial Services
A critical vote on Brexit has been delayed in Britain’s parliament. What happens next is anyone’s guess, and might even include the...
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2.8KB2B PaymentsBrexit To Slash UK FinServ Exports To EU
A new report from think tank Centre for European Reform has warned that the U.K.’s financial services exports to the European Union...
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3.7KB2B PaymentsBrexit’s Looming FX Risk For SMBs
Yea or nay for Theresa May’s Brexit plan comes next week, via Parliament’s Dec. 11 vote. SMBs reliant on cross-border trade are exposed...
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3.6KRetailSizzle Of The Week: New York’s Holiday Pop-Up Explosion
With the holiday season now officially upon us, there things that one can reasonably expect to see a lot of for the...
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2.4KBrexitBrexit Spooks Investors In Mall Landlord Intu
Although a Brexit deal is in the works, three companies have backed out of a potential £2.9 billion buyout of mall landlord Intu...
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1.8KBrexitLondon Could Lose Billions In Banking Assets As A Result Of Brexit
Frankfurt Main Finance, the lobbying group, is warning that London will lose up to €800bn (£700bn) in assets to Frankfurt by March as...
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Banks Prep For Brexit-Induced Corporate Loan Defaults
U.K. banks are looking to prepare business clients ahead of Brexit in anticipation for tightened access to financing, Reuters reported on Tuesday...
