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4.2865103519186E-05 0.000205752496892288 0.00132881820909598 0.00158600883021134 0.00106391186934715 0.00214325517596125 0.000857302070384451 0.000642976552788277
Stock impact report

EU lawmakers move to tighten rules on London-based investment banks [Reuters (UK)]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Reuters
EU lawmakers move to tighten rules on London-based investment banks | Reuters 3 Min Read BRUSSELS (Reuters) - A committee of European Union lawmakers on Monday backed new rules to prevent large London-based investment banks from carrying out key activities in the EU after Brexit, unless they set up fully-fledged branches in the bloc. The new rules, if approved by EU states and by the whole European Parliament in a second vote, would force foreign investment banks to set up branches in the euro zone if they want to perform services such as proprietary trading and underwriting of bonds and other securities in the bloc. More than half of all European investment firms, including U.S. giants Goldman Sachs and JPMorgan, are based in Britain. Several London-based investment banks have however applied to set up subsidiaries and offer a wide range of banking services in the euro zone after Brexit. The vote could be opposed by EU states with large public debt, such as Italy, which could see the Show less Read more
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