Most London-based banks fleeing Brexit have made reasonable progress: ECB
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 11/5/2026
- Nasdaq eyes lower open after midterms-fueled surge as chip, data center stocks fall
- Massive market rotation raises question: Is the sell-AI trade here to stay?
- Goldman sees major AI and data center policy implications from ‘blue tsunami’
- Apple seeks to raise up to $7 billion in seven-tranche bond offering
- Nvidia chips stockpile in Hong Kong awaits China import approval - report
Tweet
Share
E-mail
FILE PHOTO: European Central Bank (ECB) executive board member Sabine Lautenschlaeger attends a news conference at the ECB in Frankfurt October 26, 2014. REUTERS/Ralph Orlowski/File Photo
FRANKFURT (Reuters) - Most London-based banks moving to the euro area due to Brexit have made "reasonable progress" in preparing the move, European Central Bank director Sabine Lautenschlaeger said on Wednesday.
"We have urged and pushed them (banks) to prepare for all potential outcomes of the political process," she told an audience in Sydney. "At present, most banks relocating to the euro area have made reasonable progress in preparing their move."
(Reporting By Francesco Canepa; editing by Diane Craft)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Developing countries' external debt hit record $9.4 trillion in 2025, World Bank says
- Germany proposes extra €100 million for Ukraine infrastructure
- BoE joins the rate hike club, Australia may be done already
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
