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Bank of England: Banks will start leaving if we don't get a Brexit transition deal by Christmas - Markets Insider

Bank of England's Sam Woods says Britain and EU need to agree on transition deal before Christmas to avoid worst-case Brexit scenario of banks relocating. Banks need at least a year to set up new EU entities so could start executing Brexit ...and more »

Brexit Bridge Must Be Set by Christmas, Bank of England Official Says - Bloomberg

The Bank of England's head of supervision said a Brexit transition deal must be reached by the end of the year to provide assurance to financial firms as they prepare for life after the U.K.'s withdrawal from the European Union. “If we get to Christmas ...and more »

10 things you need to know today - Markets Insider

Amazon is said to be testing its own delivery service. Bloomberg reports that the retail titan is experimenting with one that will make more products available for two-day shipping, and it's expected to rival FedEx and UPS. Theresa May's future as ...and more »

Brexit transition deal needed by Christmas, says Bank official - The Guardian

City firms need a deal on a Brexit transitional deal by Christmas, said Bank of England deputy governor Sam Woods. Photograph: Alamy Stock Photo. A top official at the Bank of England has warned the government it has less than 12 weeks to agree a ...and more »

Bank calls for Brexit transition deal by Christmas - BBC News

The UK and the EU must agree on a Brexit transition deal by Christmas or risk banks triggering their contingency plans, the Bank of England has warned. Deputy governor Sam Woods said that while the UK is committed to an implementation period, the EU's ...and more »

Global banks could trigger Brexit contingency plans the day after Christmas - Quartz

Global banks with a key presence in London could trigger their Brexit contingency plans, such as moving jobs and operations overseas, if Britain doesn't confirm that the nation will have a transition deal, by Christmas. That warning comes from the Bank ...and more »

EU chiefs must agree Brexit transition deal with Britain by Christmas to stop business collapse, City chiefs say - The Sun

EU CHIEFS must set out a Brexit transition deal by Christmas or risk a business meltdown, officials have warned. Deputy Governor of the Bank of England says firms will start to move out of the UK unless Brexit negotiators act fast to reassure them with ...and more »

Firms to leave UK if no Brexit deal in place by Christmas, BoE warns - Financial Reporter

"If we get to Christmas and the negotiations have not reached any agreement on this topic, diminishing marginal returns will kick in." Sam Woods, CEO of the Prudential Regulation Authority, has warned that if no Brexit transition deal is in place by ...and more »