BlackRock Leaves Major Climate Group Amid Wall Street Exodus January 10, 2025 By Silla Brush, Saijel Kishan and Alastair Marsh BlackRock Inc. is parting ways with one of the world’s biggest climate-investor groups after being targeted by Republican politicians for...
BlackRock Gets Legal Warning Over ESG Funds From Mississippi March 28, 2024 By Saijel Kishan and Silla Brush BlackRock Inc. faces the prospect of being barred from offering securities in Mississippi after state officials accused the investment firm...
Lloyds Bank Fined $125M for Inaccurate Communications over Home Insurance Renewals July 9, 2021 By Silla Brush Lloyds Banking Group Plc’s insurance unit was fined 90.7 million pounds ($125 million) by the UK Financial Conduct Authority for...
About 1,000 EU Finance Firms, Such as Insurers, Eye Post-Brexit Outposts in UK February 22, 2021 By Silla Brush Around 1,000 European Union finance firms are expected to open their first offices in the UK after losing their passporting...
COVID-19 Pressures Threaten About 4,000 Small UK Financial Firms January 7, 2021 By Silla Brush Britain’s market watchdog warned about 4,000 small financial firms are at greater risk of failure from the coronavirus as the...
Bank of England Pressures EU to Deliver No-Deal Brexit Fix for Financial System November 20, 2018 By Silla Brush The Bank of England turned up the pressure on the European Union to deliver legislation within weeks to avert a...
Brexit Uncertainties Remain for City of London – Despite Approval of Draft Deal November 15, 2018 By Edward Robinson, Gavin Finch and Silla Brush The City of London averted one disaster with the draft Brexit deal announced Wednesday. But the resignation of Brexit Minister...
EU Watchdogs Step Up Plans to Avert Market Meltdown from No-Deal Brexit October 5, 2018 By Silla Brush, Boris Groendahl and Alexander Weber After months listening to the U.K. warn about the risks posed by a no-deal Brexit, European Union financial regulators are...
Germany Echoes UK Concerns over Post-Brexit Risk to Insurance, Derivative Contracts August 30, 2018 By Silla Brush and Alexander Weber European Union and U.K. authorities must agree on a political solution to the threat Brexit poses to trillions of dollars...
Financial Services Industry Slams Latest UK Proposal for Post-Brexit EU Trade Ties July 13, 2018 By Gavin Finch and Silla Brush Britain’s financial industry slammed U.K. Prime Minister Theresa May’s latest proposal for Brexit, with some calling it the worst outcome...