Morgan Stanley is moving staff to Frankfurt in time for the March 2019 Brexit deadline.
Nine months on from the US tightening up regulation of money market funds (MMFs), organisations show little appetite for investing in prime money funds reports the Association for Financial Professionals.
The US bank, which already has 350 employees based in the city, will transfer some trading activities currently undertaken in London and create a further 150 to 250 jobs according to reports.
The geopolitical shocks of 2016 saw businesses understandably concerned about how the new reality of resurgent economic nationalism might affect cross-border trade and capital flows. Yet as this article explains, there’s no need for overreaction.
BNP Paribas is the latest in a long line of financial service companies to be penalised for misconduct during the financial crisis on both sides of the Atlantic.
Despite the country’s latest financial bailout, the outlook for Greek corporates over the next year is no better than mixed according to trade credit insurer Atradius.
A study by the London-based insurance market warns that economic losses could be similar to losses unleashed by Superstorm Sandy in 2012.
With less than 12 months left before the General Data Protection Regulation comes into force across Europe, many firms are still alarmingly unprepared.
One in five countries is set to hit their highest government debt levels in 17 years predicts Fitch, although there has still been a dramatic improvement in sovereign credit.
Chief financial officers increasingly are taking on responsibility for their organisation’s customer experience, a job that has traditionally been that of the chief marketing officer.