• Why ‘No-Deal Brexit' Is a Such a Nightmare for Banks

    24 days ago - By Washington Post

    Prime Minister Theresa May faces an uphill battle in pushing her Brexit deal with the European Union through the British parliament. With that in mind, the financial industry and regulators continue t...
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  • Theresa May's premiership is now rapidly running out of road

    Theresa May's premiership is now rapidly running out of road

    24 days ago - By Business Insider

    Theresa May's future as prime minister is looking incredibly precarious.
    Conservative MPs are threatening to bring her down as her Brexit deal gathers little support in parliament.
    The prime minister could face a leadership challenge within days.
    May is promising to fight on but her chances of surviving to push through Brexit look slim.
    LONDON - When Theresa May lost her majority at last year's general election, most people predicted that her days as prime minister would be numbered.
    She has outlived those predictions and continues to outlive them now, despite the resignation of almost two...
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  • Pound dives as UK PM May fights for survival

    24 days ago - By Reuters

    Sterling tumbled on Thursday after a series of resignations rocked Prime Minister Theresa May's government and threw into doubt her long-awaited Brexit agreement just hours after it was unveiled.
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  • Sterling sags on Brexit fears, traders favor yen, dollar

    24 days ago - By Reuters

    The sterling tumbled on Thursday after British ministers resigned in protest against a draft Brexit agreement, rekindling fears of a chaotic departure for Britain from the European Union in 4-1/2 months.
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  • Sterling dives on Brexit uncertainty, world stocks down for sixth day

    24 days ago - By Reuters

    Sterling tumbled on Thursday and a gauge of global stocks declined for a sixth straight session as political developments in Britain rippled through currency, bond and equity markets.
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  • UK PM May warns: It is my deal, no deal or no Brexit

    24 days ago - By Reuters

    British Prime Minister Theresa May told lawmakers on Thursday that their choice was clear: back her Brexit deal, leave with no deal, or have no Brexit at all. Rough cut .
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  • Brexit battle begins as May faces resignations

    24 days ago - By Reuters

    Britain's Brexit minister, Dominic Raab, has resigned, showing the arduous task ahead of Theresa May as she tries to get support for her draft deal on withdrawing from the European Union. Lucy Fielder reports.
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  • '28 months of work undone in hours': The City of London reacts to the chaos of Theresa May's crumbling Brexit deal

    '28 months of work undone in hours': The City of London reacts to the chaos of Theresa May's crumbling Brexit deal

    24 days ago - By Business Insider

    Brexit entered a chaotic new chapter on Thursday as a swathe of government ministers - including Brexit Secretary Dominic Raab - resigned in protest at the deal secured by Prime Minister Theresa May.
    Raab's resignation triggered a major fall in the pound, with UK-focused stocks following closely behind. Traders are bracing for a turbulent next few days, even weeks, in financial markets.
    Investors and analysts across the City of London are scrambling to make sense of Thursday's developments, especially the repercussions for the economy and UK assets.
    Here's what key figures in the City are...
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  • UK bank stocks are cratering after Brexit chaos rumbles Theresa May's government

    UK bank stocks are cratering after Brexit chaos rumbles Theresa May's government

    24 days ago - By Business Insider

    Barclays, RBS, and Lloyds, some of the UK's largest lenders, crash more than 4.5% after Theresa May's Brexit plan failed to win over her party, and the market.
    Top ministers have resigned, the Prime Minister faces a vote of no-confidence, and the pound fell more than 1.6%.
    UK bank stocks tanked after Prime Minister Theresa May failed to win over her party or investors with her Brexit plan.
    Royal Bank of Scotland is trading down 9.1%, Lloyds dropped 6.1%, while Barclays fell 4.9%. Those companies, along with shares of British homebuilders, were among the biggest decliners in the European...
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