Tag Archives: U.S

EU watchdog tells UK banks to prepare for full Brexit

LONDON (Reuters) – Banks using Britain as a gateway to the European Union must fully implement their plans to serve EU customers before the end of the Brexit transition period in December, it said on Wednesday. EU banking watchdog. FILE PHOTO: British Union Jack and EU flags are displayed at …

Read More »

Chinese banks urged to abandon SWIFT as US sanctions loom

BEIJING (Reuters) – China should prepare for possible U.S. sanctions by increasing the use of its own financial messaging network for cross-border transactions on the mainland, Hong Kong and Macao, according to a report by the Bank’s investment banking unit. China. FILE PHOTO: A general view of the Central Business …

Read More »