Brexit

The central bank said the legal change would allow it to fully exercise the powers laid out in a clearing proposal from the European Commission.

Payoneer believes British companies will seek opportunities outside of the EU, leading to international payments demand.

In the end, many of the reforms designed to protect the global financial system and leading global economies from future crises could be erased.

JPMorgan Chase is in talks to buy a Dublin office building as the bank considers expanding in the Irish capital as one of its options for when Britain leaves the European Union, according to people with knowledge of the matter.

Bank of America views Dublin as its default destination for a new hub inside the European Union if Brexit means the U.K. loses easy access to the single market, according to one of the firm's top executives in Germany.

Host Brett King reports from this week's LendIt conference in New York.

Bloomberg News conducted interviews and reviewed public statements to discover what each major bank is now planning in the wake of Brewxit.

While the true impacts of the United Kingdom's departure from the European Union are still unknown, there are a number of factors that will pressure payments innovation.