The euro clearing business is worth �880m a day to the City of London. Photograph: Rex/Shutterstock. European Central Bank. London could lose out as ECB seeks control of euro clearing after Brexit.
Before last year's Brexit vote, there were warnings from many economists that the UK would suffer a catastrophic economic shock and be catapulted into recession by a Leave vote.
I am City A.M.'s digital editor. Having previously worked at Property Week and M [..] Show more. Follow Emma. Battersea Power Station Opens Its Doors To The Public For The Last Time.
Construction workers at the site for the Hinkley C nuclear power plant near Bridgwater, Somerset. Photograph: Adrian Sherratt for the Guardian.
The Serious Fraud Office has closed its criminal investigation into the conduct of the Bank of England at the onset of the financial crisis when it was holding money market auctions for UK lenders.