Edition:
United States

Sinead Cruise

Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.

Twitter handle: @jeffmason1

10:03am EDT

Exclusive: Lloyds Bank plans three EU subsidiaries after Brexit - sources

LONDON Lloyds Banking Group plans to operate three subsidiaries in continental Europe after Britain leaves the EU, according to a source familiar with the matter, in a sign of how Brexit is fragmenting a banking industry long concentrated in London.

Jul 16 2018

Beware the reach of Her Majesty's taxman, Brexit bankers told

LONDON Financial workers weighing up offers to move to Europe after Brexit may find out that relocating is financially more complicated than they bargained for thanks to the long arm of Her Majesty's Revenues and Customs (HMRC).

Jul 05 2018

Exclusive: JPMorgan triggers EU talent transfer as 'dozens' prepare for Brexit move

LONDON JPMorgan has asked "several dozen" employees to lead a first wave of relocations from Britain to continental Europe by early 2019, kicking off plans to protect its business post-Brexit, a memo to staff shows.

Jul 02 2018

Barclays shifting 50 jobs to Frankfurt as Brexit planning accelerates

LONDON Barclays has begun shifting 40 to 50 investment banking jobs from Britain to Frankfurt as part of its plans to continue doing business in the European Union after Britain leaves the bloc in 2019, a source familiar with the matter told Reuters.

Jun 28 2018

British lawmaker eyes tribunal to help small firms challenge banks

LONDON Small businesses that are victims of fraud, conspiracy and misconduct by British banks could soon be able to sue their lenders in a tribunal dedicated to helping them bring banks to justice without fear of financial ruin.

Jun 14 2018

Wealth manager Rathbone to buy Scotland's largest independent rival

LONDON British wealth manager Rathbone Brothers has agreed to buy its biggest independent rival in Scotland, Speirs & Jeffrey, boosting its assets by almost a fifth to 44.5 billion pounds ($60 billion).

May 29 2018

Time is right for RBS share sale, bankers and analysts say

LONDON The British government should go ahead and sell more shares in state-backed Royal Bank of Scotland , bankers and industry experts said, even though it would likely mean a big loss to taxpayers.

May 24 2018

Investors attack Britain's Lloyds Bank over mistreatment of customers

LONDON Britain's Lloyds Banking Group faced a barrage of allegations of poor customer service and withholding misconduct compensation on Thursday, laying bare the task of rebuilding customer trust after years of reputational damage.

May 23 2018

Barclays has no plans for tie-up with rival banks: sources

LONDON Barclays Plc is not actively exploring a potential merger with rivals, two sources close to the bank said, as speculation mounts about how the British lender plans to defend itself against activist investor Edward Bramson.

May 17 2018

Exclusive: Barclays activist urges trading shutdown at investment bank: sources

LONDON Activist investor Edward Bramson is calling on Barclays to end the bulk of trading activities at its investment bank, in a radical plan to cut costs and boost returns at the British lender, three sources familiar with the matter told Reuters.

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