June 23, 2017 | A number of the world’s biggest banks are looking to Frankfurt in the wake of the Brexit vote, including Bank of America and Goldman Sachs. Bloomberg, June 23.
June 22, 2017 | British Chancellor Philip Hammond is already seeing foreign direct investment in England fall as businesses hesitate and wait for the full ramifications of Brexit to become clear. The Independent, June22.
June 13, 2017 | The upheaval caused by a poorly-thought out election has made Britain look toxic to investors, while credit ratings agency Moody’s is seeing Britain’s credit profile suffering. The Economist, June 12
June 13, 2017 | The European Banking Authoriuty and European Medicines Agency are both set to leave London in the waker of Brexit, with Angela Merkel keen to bring them to Germany
June 13, 2017 | New financial rules created as a result of Brexit may ensure London the ability to host financial market clearing houses which deal in Euros
May 30, 2017 | German Chancellor Angela Merkel has made it clear that the EU will be in direct competition with the UK post-Brexit for a free trade deal with India, a market of 1.2bn people.
April 27, 2017 | Chancellor Merkel insists Germany will maintain a strong stance against British attempts to bargain over Brexit conditions.
April 19, 2017 | An internal memo in Brussels is instructing officials negotiating over contracts to begin freezing out the UK from certain projects because of Brexit. Where legally possible, the commission and its agencies will be expected in all activities to “take account” of the fact that Britain may be “a third country” within two years, including in appointing staff and in awarding billions of euros of direct contracts for research projects or services. ( Financial Times; NB - link is subscription only)
March 30, 2017 | More and more large companies are looking to relocate to the EU, potentially costing the UK thousands of jobs, following the triggering of Article 50
March 30, 2017 | Berlin has noticed a surge of start-ups coming into its boundaries, and is preparing for more as uncertainty grows over London’s viability outside of the EU
EU considers leeway for banks
March 27, 2017 | Banks could be granted significant flexibility to align with EU conditions if they decide to leave Britain and relocate to the EU following the onset of Brexit, according to a senior ECB supervisor.
March 21, 2017 | Many companies are looking to hedge their positions in a post-Brexit Europe by setting up in continental Europe so as to potentially avoid international trade issues.
Where do the banks go?
March 21, 2017 | Frankfurt and Dublin look to be the most popular choices among those banks considering a post-Brexit move away from Britain.
Fintech gains popularity in Germany
March 14, 2017 | As another German fintech start-up receives a huge dollop of funding, a review looks at the growing fintech investment trend in Germany in the context of Brexit.
February 21, 2017 | BMW is considering manufacturing electric versions of the Mini outside the UK because of the uncertainty over Brexit.