Brexit no-deal to hit UK asset managers hard

The UKs increasing status in global asset management has seen assets under management (AUM) from overseas clients increase by almost a fifth to £3.1trn, according to figures published by IA.


Chancellor reiterates warnings on no-deal economic impact

The Chancellor of the Exchequer has reiterated his warnings that Britain leaving the European Union without a deal would damage the economy. In a letter to the Treasury select committee, Philip Hammond said the British economy would be between 5 and 10 p


Interdealer broker TP ICAP selects Paris for EU hub

TP ICAP fired its chief executive officer last month and warned rising costs related to Britain’s EU exit and new rules on market transparency would see profit fall short of expectations this year.


Treasury asks City for help on Brexit action plan

Senior officials including Katharine Braddick, the Treasury’s director general for financial services, made the request to representatives from banks including Goldman Sachs, HSBC, JPMorgan and Morgan Stanley