• The City of London issued a stark warning about the future of European finance after Brexit - and the EU is listening

    4 monthes ago - By Chron

    Shutterstock/Zoltan Gabor
    The EU's stance on the City of London appears to be softening.
    The UK government warned EU Brexit negotiators that an overly punitive approach to the City of London will also hurt the rest of Europe.
    UK officials told Brussels that "thousands" of European investment funds will be under threat if the EU insists on a hardline approach to the City.
    Fund run by UK firms are currently sold to clients in EU countries and EU firms sell their funds to UK customers under financial passporting rules.
    LONDON - British Brexit negotiators have issued a stern warning to their...
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