Brexit Archives - FortuneZ

IG Group Releases Brexit Update for EEA Clients

January 5, 2021

IG Group released a Brexit update today for its European Economic Area (EEA) clients and asked them to transfer their accounts to IG Europe as the broker recently announced that its UK entity will no longer s...

Deutsche Börse Starts Regulatory Reporting in the UK after Brexit

January 4, 2021

Germany’s Deutsche Börse Group announced on Monday that its newly formed UK-based trade repository, REGIS-TR UK LTD, has started reporting to comply with local rules as Britain separated from the European Uni...

Revolut Reminds UK Customer to Act as Brexit Deadline Looms

November 17, 2020

Fintech startup, Revolut told the customers of its UK entity to act ahead of the imminent loss of passporting rights for Europe in the wake of Britain’s exit from the European Union. The British company, Rev...

Revolut Moves Business Customers to Lithuania Ahead of Brexit

September 22, 2020

Fintech startup, Revolut is shifting business customers in Central and Eastern Europe from its London-based entity to Lithuania as it prepares for Britain’s exit from the European Union. The move is aimed at...

Dukascopy Cuts Leverage to 30:1 Ahead of Brexit Volatility

January 12, 2019

Retail brokers have continued taking a cautionary approach ahead of next week’s Brexit vote that could potentially unleash waves of volatility across foreign exchange and the financial markets. The latest pro...

Fintech Revolut Receives EU Banking Licence Ahead of Brexit

December 14, 2018

Mobile banking startup Revolut has received its European banking license as the London-based fintech firm makes preparations for a shift in Europe’s financial services landscape after Brexit. Once Britain le...

Brexit Fears: Revolut Applies for E-Money License in Luxembourg

September 24, 2018

With dark clouds of Brexit uncertainty still hovering over the City of London, many firms are preparing for the worst. Revolut, the challenger bank and FinTech firm, is the latest company to announce measures...

Credit Suisse Reports Considerable Earnings Jump in Q2

July 31, 2018

The strong results coincide with the Wall Street bank’s plans to move its London staff to Madrid ahead of Brexit. Multinational investment bank Credit Suisse has released its second-quarter earnings today. T...

Credit Suisse Cuts 1,500 Positions in London, Scaling Down for Brexit

June 8, 2017

Credit Suisse Group AG is cutting as many as 1,500 positions in London after the unit’s revenue slumped and warned that more staff could be moved to other locations in Europe as a result of Brexit. The addit...

HSBC’s Stuart Gulliver Estimates 20% Brexit Revenue Exodus from London

January 18, 2017

HSBC Chief Executive Officer Stuart Gulliver has revealed in a Bloomberg Television interview at the World Economic Forum in Davos that he believes trading operations, specifically those covered by EU legisla...