Brexit

Wells pays another fine; bank stocks keep falling

02/28/20

The bank agreed to pay $35 million to settle SEC charges it recommended high-risk ETFs to some customers; coronavirus fears continue to batter financial shares.

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Treasury moves to recap Fannie, Freddie; BofA's down market success

09/10/19

Mnuchin hopes to strike a deal soon to recapitalize the two mortgage giants, a prelude to privatization; the bank’s focus on mid-tier corporations is starting to bear fruit.

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Square sued over privacy issues; Banks eye Australia market

07/02/19

A California man says the company sent his medical information to a friend of his; the Big Four's monopoly may be coming to an end as Citi and others move in.

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Goldman, Citi among banks delaying Brexit asset shifts

06/19/19

Goldman Sachs and Citigroup are among global firms postponing the transfer of several billion euros of capital outside the U.K. despite regulatory pressure to complete the move.

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U.S. banks are prepared for 'hard Brexit': Mnuchin

04/09/19

The Treasury secretary told the House Financial Services Committee that he has been in coordination with the U.S. bank regulators to soften the impact of the United Kingdom potentially failing to strike a deal on its exit from the European Union.

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JPMorgan said to push 300 to leave U.K. for no-deal Brexit

03/25/19

JPMorgan Chase is pushing about 300 London-based investment banking staff to sign fresh contracts confirming they'll leave the U.K. in the event of a no-deal Brexit, people familiar with the matter said.

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How technology could close gender gap; bank stocks drop

03/22/19

Shift toward computerized, quantitative trading helps women advance; big bank stocks are on a pace for their worst week since December.

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Direct lenders ready to step in where Brexit makes banks retreat

03/21/19

Direct lenders are gearing up for more business in the U.K. as they see banks shrinking their sterling corporate loan books in the wake of Brexit-linked volatility and slower economic growth.

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UBS warns on Q1 revenue; Deutsche’s U.S. workers ‘on edge’

03/21/19

The Swiss bank’s CEO calls the trading environment “one of the worst in recent history”; 10,000 of German bank's U.S. employees fret over their future.

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U.S. regulators seek to calm swaps dealers' Brexit fears

03/15/19

If the United Kingdom leaves the EU without a deal, certain contracts held by U.S. entities and relocated outside the U.K. will not face new margin requirements.

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