8th January 2019
Faced with increased uncertainty in the outlook over the UK’s relationship with the EU, financial services firms have continued to relocate staff and assets away from London to Europe, in a bid to protect their clients and investors from the impact of any Brexit outcome. As of 30 November… Read More
3rd January 2019
On the day the United Kingdom leaves the European Union, it will be looking to preserve its current regulatory position on Gibraltar within the Financial Conduct Authority’s (FCA) handbook, the watchdog said. The announcement is in line with the UK’s position that Gibraltar financial services firms should, until December 2020,… Read More
3rd January 2019
The transport secretary has defended awarding a 14 million-pound contract for shipping goods after Brexit to a new ferry company that owns no ships. The government last week awarded three contracts to charter extra ferries to ease congestion if the United Kingdom fails to secure a trade deal before leaving… Read More
28th December 2018
AP – London’s police chief has suggested that Brexit will be costly and could have a damaging effect on public safety. Cressida Dick told the BBC on Thursday that leaving the European Union would be more challenging if there’s no deal in place between Britain… Read More
24th December 2018
Royal Bank of Scotland Group Plc (RBS.L) has applied for a German banking licence to help maintain access to European markets after Britain’s exit from the European Union, the Financial Times reported on Sunday. The bank has plans to replace its current Frankfurt branch with a newly licensed unit, according… Read More
20th December 2018
With just 100 days until Brexit, the EU’s executive cautioned that most banking, insurance and other financial firms in Britain would be cut off from the European Union if there is no divorce deal. Prime Minister Theresa May’s failure to find a deal the British parliament will approve means the… Read More
17th December 2018
AP — Spanish prosecutors have charged pop music star Shakira with tax evasion, alleging she failed to pay more than 14.5 million euros ($16.3 million) between 2012 and 2014. The Colombian singer denied the charges. The charges published Friday allege that Shakira listed the Bahamas as her official residence for… Read More
17th December 2018
British travellers will have to pay 7 euros (6.29 pounds) for a three year pre-travel authorisation to visit the European Union after Brexit, provided London seals a divorce agreement with the bloc. The EU is readying a new electronic visa waiver system by 2021 to beef up security. The bloc’s… Read More
13th December 2018
AP — British Prime Minister Theresa May survived a political crisis over her Brexit deal Wednesday, winning a no-confidence vote by Conservative lawmakers that would have ended her leadership of party and country. But the margin of victory — 200 votes to 117 — leaves… Read More
11th December 2018
Frankfurt prosecutors have launched a probe against a former anti-money laundering official of Deutsche Bank on suspicion of money laundering, German public broadcaster Hessischer Rundfunk reported on Monday. The public prosecutor is accusing the former official of failing to report suspicious transactions, despite sufficient indications of money laundering, Hessischer Rundfunk… Read More