Latest Brexit Headlines
All the headlines from our Brexit Topic Page, ordered by recency.
UK Confident It Will Form Deal with EU on Post-Brexit Financial Services Trade
Nov 5 2018 // The United Kingdom is confident that it is on the verge of reaching an agreement with the European Union to give London’s vast financial center access to EU markets after Brexit, Britain’s financial services...
UK Insurance Businessman, Pro-Brexit Donor Denies Russian Connection
Nov 5 2018 // Arron Banks, the insurance businessman whose millions of pounds of donations to a pro-Brexit campaign are being investigated by police, denied Russia was involved and said the funds came from his U.K....
Pro-Brexit Groups, UK Insurance Businessman Banks Probed by Crime Agency
Nov 2 2018 // Donations made by pro-Brexit groups including Arron Banks’ Leave.EU will be investigated by police after the Electoral Commission said they may have “knowingly concealed” the true source of 8 million...
Brexit Deal, Covering UK Financial Services, Is Closer to Completion: Officials
Nov 1 2018 // The United Kingdom and the European Union have made progress on a deal to give London’s dominant financial center basic access to EU markets after Brexit, two British officials said, but no agreement has yet been...
No-Deal Brexit Could Push UK into Lengthy Recession, Warns S&P
Oct 31 2018 // A no-deal Brexit would be likely to tip Britain into a recession as long as the downturn that followed the global financial crisis, and investors should no longer ignore this danger, credit ratings agency Standard &...
UK Heading for ‘Acrimonious and Disruptive’ No-Deal Brexit: Fitch
Oct 27 2018 // Ratings agency Fitch said on Friday it no longer assumed that Britain would leave the European Union in a smooth transition and said a “no deal” Brexit could lead to a further downgrade of its sovereign credit...
AIG’s European Restructuring Gets Nod in Final Step of Brexit Preparations
Oct 26 2018 // American International Group, Inc. announced its European subsidiary, AIG Europe Ltd. (AEL) has received approval from the High Court of England & Wales to transfer its business into two new entities: American...
No-Deal Brexit Would Drag UK Economy to Near Standstill: Report
Oct 26 2018 // A no-deal Brexit would drag the U.K. economy to a near standstill next year, according to a new report. If Britain leaves the European Union without an agreement, reverting to World Trade Organization’s...
Brexit Talks on Hold as UK Cabinet Can’t Agree on Way Forward: Sources
Oct 26 2018 // U.K. Prime Minister Theresa May’s Cabinet is not close enough to agreeing on a way forward for top level Brexit negotiations to resume, even as time is running short to reach a deal, according to people familiar with...
Cross-Border Insurance, Derivative Contracts May Get No-Deal Brexit Reprieve
Oct 25 2018 // The European Union might grant temporary permission for clearing houses in Britain to continue serving EU customers if there is a no-deal Brexit next March, an EU document seen by Reuters showed. LCH, a unit of the London...
Fidelis Sets Up Re/Insurer in Dublin to Prepare for Brexit; Senior Leaders Appointed
Oct 24 2018 // Fidelis Insurance Holdings Ltd. announced it has established a regulated re/insurer in Ireland, called Fidelis Insurance Ireland DAC (FIID), to take advantage of opportunities in the European Economic Area (EEA) after...
UK Businesses Roll Back Investment as Brexit Uncertainty Bites: Survey
Oct 21 2018 // Four-fifths of U.K. companies have cut or withheld investment because of the uncertainty caused by Brexit, Britain’s biggest business lobby said. Some 58 percent of businesses have made plans to cut jobs, adjust...
Can Go-Slow Brexit Breathe New Life into Flagging Divorce Talks?
Oct 19 2018 // The U.K. and the European Union are inching towards a plan that could help unblock Brexit negotiations and clear the path to a deal, raising hopes of progress after months of stalemate. While the EU summit in Brussels fell...
UK’s May Eyes Extension of Brexit Transition Period to Unlock Impasse with EU
Oct 18 2018 // British Prime Minister Theresa May signaled on Thursday she would consider extending a so-called transition period “for a matter of months” after Britain leaves the European Union, a move her critics say is a...
London Attracts Financial Services Investments Despite Cloud of Brexit: Report
Oct 17 2018 // Britain’s financial sector brushed off Brexit uncertainty in 2017 to attract more inward investment than eight rival centers vying for its business, the City of London Corp. said on Wednesday. The body that governs...
UK Needs to Get ‘Good and Scared’ About No-Deal Brexit: Opinion
Oct 16 2018 // The European Union summit in Brussels this week was meant to be historic: a Brexit divorce deal would be reached and sent to parliaments to be approved. That is now not going to happen, once again raising the risk that the...
Brexit Deadlock Deepens as Hopes Fade for Breakthrough During Crucial Week
Oct 15 2018 // The U.K. and the European Union are on course to miss this week’s key milestone on the road to a Brexit deal after talks broke up in stalemate on Sunday, people familiar with the matter said. A weekend of intense...
Brexit Divorce Talks Edge Toward Compromise but Obstacles Remain: UK, EU Officials
Oct 11 2018 // Brexit negotiators are edging toward a compromise on the thorniest issue in talks, even as officials on both sides warned that obstacles still stand in the way of a deal. EU chief Brexit negotiator Michel Barnier said...
In Event of Hard Brexit, Lloyd’s Commits to Pay All Valid Claims
Oct 10 2018 // Lloyd’s said it is working on transferring all European Economic Area (EEA) business to its EU headquarters, Lloyd’s Brussels, before the end of 2020 via a Part VII transfer. (Part VII transfers, in part,...
UK Expects 5,000 Financial Services Jobs to Move to Europe by Brexit Day
Oct 10 2018 // Despite thousands of jobs set to move to the continent due to Brexit, Britain’s financial services minister said on Wednesday he would do all he can to ensure the City of London remains a major financial center. John...
