Brexit

London is battling other cities, which are trying to use the political uncertainty of the U.K.'s exit from the European Union to lure payment startups and other financial technology companies.

Global uncertainty is resulting in more and more people beginning to look at the possible impact such issues have on their wealth and how they can mitigate this risk, writes Nigel Green, founder and CEO of deVere Group.

Between Brexit, Dodd-Frank uncertainty and the mobile revolution, issuers and financial services companies must combine past performance data and forward-looking information to gain insight, writes Henri Wajsblat, director and head of financial services at Anaplan.

Irish authorities have seen a drop in the level and intensity of inquiries from finance firms seeking to set up shop in Dublin after Britain's June election led to the prospect of a softer Brexit, according to a person familiar with the matter.

Deutsche Bank envisions shifting almost half its U.K. positions to the European continent over coming years as the lender's Brexit plans take shape, people briefed on the matter said.

Banks may need to find $30 billion to $50 billion of additional capital to support new European units in the aftermath of a hard Brexit, and some smaller firms may abandon their operations on the Continent altogether as profitability plunges, according to Oliver Wyman Inc.

After posting a second quarter of revenue growth and with plans to return another $2 billion of cash to investors, departing boss Stuart Gulliver’s six-year turnaround of HSBC Holdings might finally be gathering momentum.

Banks planning to shift parts of their operations from London to other European cities because of Brexit will have to increase salaries because of a skills shortage, according to the head of a recruitment company.

Bank of America has picked Dublin to locate its main European Union hub in preparation for Britain quitting the bloc in 2019.

JPMorgan Chase CEO Jamie Dimon said European Union officials could force London-based firms to move substantially more employees abroad than planned if they demand additional banking operations be performed inside the bloc.

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.