News

June 1, Oct. 31 ... maybe never. If the United Kingdom's planned exit from the EU has complicated the lives of bankers, perhaps they can enjoy a little schadenfreude at the expense of the frequent bogeyman of their profession: bank regulators, who must now supervise the partial or wholesale relocation of scores of financial institutions from Great Britain to the bloc. More than a year before uncertainty over the actual date of the withdrawal, also known as Brexit, hit its current peak, banks began shifting staff from the U.K. to elsewhere in the EU to retain their ability to continue...