trending Market Intelligence /marketintelligence/en/news-insights/trending/UCV4AmsTwUwUp4_b7E9jpA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

TP Icap to hire more broking employees for post-Brexit EU hub

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive


TP Icap to hire more broking employees for post-Brexit EU hub

TP Icap PLC said it plans to hire more broking staff for its offices in the European Union to cater to clients when the U.K. leaves the bloc.

The London-based interbroker/dealer has formed TP Icap (Europe), a new subsidiary in Paris, which will become its post-Brexit EU headquarters. The unit, which will also open a branch in the Netherlands, is now awaiting authorization from France's prudential regulator. It expects to be notified of the authorization prior to the withdrawal of the U.K. from the EU.

Because U.K. companies are bound to lose their so-called passporting rights to operate in the EU, TP Icap said it plans to adjust its business model to continue serving clients in the bloc. This includes hiring more staff in its EU offices.

The company's full-year 2018 profit attributable to equity holders of the parent fell to £32 million from £87 million in 2017. This reflects a £65 million charge for impairment of goodwill, mainly due to integration costs.