Brexit News

PM May Refuses to Rule Out No-Deal Brexit, but Seeks Further EU Concessions

British Prime Minister Theresa May sought to break the parliamentary deadlock over Brexit on Monday by proposing to seek further concessions from the European Union on a plan to prevent customs checks on the Irish border. With little time left …

AXA XL Transfers XL Insurance from UK to Dublin as Post-Brexit HQ

AXA XL has completed the transfer of its European Union insurance company, XL Insurance Co. SE (XLICSE), from the UK to Dublin, Ireland. XLICSE is a wholly owned subsidiary within the AXA XL division of AXA Group, providing insurance within …

What’s Next for Brexit After UK Parliament Rejects May’s EU Divorce Deal?

Prime Minister Theresa May’s Brexit deal has been thrown out by Parliament. She’s now in talks with rival politicians to find a way forward before presenting a Plan B on Monday. If her plan isn’t convincing, then British lawmakers will …

Brexit Update: City of London Prepares for Worst, Hopes for Best

Dismay, confusion, relief — and hope. The City of London had a range of reactions to the U.K. Parliament’s overwhelming rejection Tuesday night of Prime Minister Theresa May’s blueprint for quitting the European Union, and her sprint to cobble together …

Germany, China Discuss Ways to Improve Market Access for Insurers, Banks

Germany and China are working on ways to improve market access for each other’s banks and insurers, the German finance minister said on Thursday, and he welcomed plans by China and the United States to ease trade tensions through talks. …

UK-EU Divorce in Disarray with Just 10 Weeks to Go Before Brexit Leave Date

Prime Minister Theresa May was trying to forge consensus in parliament on a Brexit divorce agreement on Wednesday after the crushing defeat of her own deal left Britain’s exit from the European Union in disarray 10 weeks before it is …

May’s Brexit Deal Rejected by Parliament in Landslide Vote

Prime Minister Theresa May’s Brexit deal was rejected by Parliament in a humiliating defeat, her plan for leaving the European Union all but dead. She now faces a confidence vote in her government. The House of Commons voted 432- 202 …

UK Prime Minister’s Brexit Deal Faces Crushing Parliamentary Defeat

Prime Minister Theresa May is set to see her Brexit deal rejected in the biggest Parliamentary defeat for a British government in 95 years after her last minute pleas for support appeared to fall on deaf ears. The battle now …

Uncertainty over Brexit Takes Toll on UK Financial Services Sector: Survey

Uncertainty over Brexit and the economy have led demand for Britain’s financial services to shrink for the first time in five years, with no immediate sign of an improvement, a survey by business group CBI and PwC showed. And profitability …

EU Lawmakers Seek to Beef Up Financial Services Protections Ahead of Brexit

The European Union moved a step closer on Thursday to beefing up its regulators to increase safeguards for consumers and create an EU capital market that reduces the bloc’s reliance on Britain’s financial services industry after Brexit. The European Parliament’s …