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Europe Top News and Analysis Ireland

  • LONDON/ FRANKFURT, July 20- Two global banks, Citigroup and Deutsche Bank, are beefing up their presence in Frankfurt to deal with the impact of Britain leaving the European Union. Deutsche Bank Chief Executive Officer John Cryan said in a video published on Thursday that the German lender expected to add new jobs in Frankfurt, where it will replicate a structure...

  • LONDON, July 20- U.S. bank Citigroup said on Thursday that it may need to create 150 new jobs in the European Union to deal with the impact of Britain leaving the bloc, as it confirmed it would headquarter its EU trading operations in Frankfurt. Citi is one of several banks opting to build up a subsidiary in Frankfurt so that its trading operations in the EU can...

  • LONDON, July 20- U.S. bank Citigroup said on Thursday that it may need to create 150 new jobs in the European Union to deal with the impact of Britain leaving the bloc, as it confirmed it would headquarter its EU trading operations in Frankfurt. In a memo to staff Jim Cowles, the bank's head of Europe, Middle East and Africa, said the bank also planned to build up its...

  • *Paris, other cities competing for post-Brexit fintech crown. *French fintech sector raised $68 mln in 2016, London $783 mln. But startups based in London do not yet seem ready to swap that key hub for Paris, even if they have French roots.

  • FRANKFURT/ LONDON, July 19- Morgan Stanley has chosen Frankfurt to be a new base for its European Union operations as Britain prepares to leave the bloc, according to a source familiar with the matter, becoming the latest U.S. bank to pick the German city. Morgan Stanley is planning to use its Frankfurt subsidiary as the centre for its EU trading operations,...

  • FRANKFURT/ LONDON, July 19- Morgan Stanley has chosen Frankfurt to be the new base for its European Union operations as Britain prepares to leave the bloc, according to a source familiar with the matter, becoming the latest U.S. bank to pick the German city. The source said Morgan Stanley's decision meant about 200 new jobs would move to the bank's Frankfurt offices.

  • LONDON, July 19- Asset management company Northern Trust will set up a European Union banking base in Luxembourg following Britain's decision last year to leave the bloc, the body promoting the Grand Duchy as a financial centre said on Wednesday. "Continental Europe is a strategic area of focus for Northern Trust and the creation of our EU banking presence in...

  • LONDON, July 19- Asset management company Northern Trust will set up a European Union banking base in Luxembourg following Britain's decision last year to leave the bloc, the body promoting the Grand Duchy as a financial centre said on Wednesday. "Continental Europe is a strategic area of focus for Northern Trust and the creation of our EU banking presence in...

  • *Secondary trading decisions can't be outsourced to London. LONDON, July 13- Regulators should prevent investment firms from setting up shop in one jurisdiction to avoid stricter controls in their home state, the European Union's markets watchdog said, as centres such as Dublin, Frankfurt and Paris vie for business. EU authorities are concerned about a "race to...

  • *Secondary trading decisions can't be outsourced to London. LONDON, July 13- Regulators should prevent investment firms from setting up shop in one jurisdiction to avoid stricter controls in their home state, the European Union's markets watchdog said, as centers such as Dublin, Frankfurt and Paris vie for business. EU authorities are concerned about a "race to...

  • July 11- Global banks have said they could move thousands of jobs out of Britain to prepare for Brexit, the country's planned exit from the European Union. Financial services firms need a regulated subsidiary in an EU country to offer products across the bloc which could prompt some to move jobs out of Britain if it loses access to the European single market.

  • President Donald J. Trump (R) and Secretary of Treasury Steven Mnuchin (L) walk out of the Treasury Department after a financial services Executive Order signing ceremon on April 21, 2017 in Washington, DC.

    The Treasury Department is considering rewriting an Obama-era regulation dealing with earnings stripping.

  • AIX-EN-PROVENCE, France, July 9- A government push to make France more "finance-friendly" is raising Paris' chances of attracting Brexit-fleeing banks from London although it is raising its game at a late stage in the process, a group of senior financial industry executives said. Eager to keep Frankfurt from getting the bulk of jobs that leave London, Prime...

  • *Qatar Airways cancels four A350-900 jets due to delays. PARIS, July 6- Qatar Airways has axed orders for four A350s because of delivery delays, Airbus said on Thursday, handing the European planemaker a new headache over what to do with jets worth $1.2 billion at list prices as it tries to close a sales gap with rival Boeing. Qatar Airways Chief Executive Akbar Al...

  • PARIS, July 6- Qatar Airways has axed orders for four A350s because of delivery delays, Airbus said on Thursday, handing the European planemaker a new headache over what to do with jets worth $1.2 billion at list prices as it tries to close a sales gap with rival Boeing. Qatar Airways Chief Executive Akbar Al Baker said earlier any delays were the planemaker's...

  • PARIS, July 6- Qatar Airways has canceled orders for four A350-900 aircraft, citing delays in deliveries as Airbus deals with supplier problems, two people familiar with the matter said on Thursday. Qatar Airways was the launch customer for the newest European wide-body aircraft and has ordered a total of 80.. Qatar Airways Chief Executive Akbar Al Baker said...

  • DUBLIN, July 6- Qatar Airways is to press on with plans to build a stake of up to 4.75 percent in American Airlines in the near future, despite the "categorical" opposition of the U.S. company's management, Qatar Chief Executive Akbar al-Baker said on Thursday. "We will be able to start buying shares in the open market soon, depending of course on what is the share value," al...

  • DUBLIN/ DUBAI, July 6- Qatar Airways said on Thursday passengers travelling to the United States can now carry their laptops and other large electronics on board, ending a three month in-cabin ban on devices for the Doha- based airline. Qatar Airways joins Emirates, Turkish Airlines and Etihad Airways, which have also announced this week a lifting of the ban on...

  • LONDON, July 6- Finance firms should not be forced by regulators to change location after Britain leaves the European Union in 2019, Andrew Bailey, chief executive of the UK's Financial Conduct Authority told a Reuters Newsmaker event on Thursday. Banks, insurers and asset managers based in Britain are already making contingency plans to shift some...

  • Luxembourg for Finance CEO Nicolas Mackel talks about Ireland and Luxembourg in relation to Brexit and regulatory arbitrage.