Oct
24
Brexit Bulletin: Bankers Prepare for Exodus From London
ByWhile PM May tries to head off a constitutional crisis
Banks will start moving operations out of the U.K. late this year and early next as they anticipate a hard Brexit. That’s according to Anthony Browne, chief executive officer of the banking lobby group BBA, writing in the Observer newspaper on Sunday.
International banks’ “hands are quivering over the relocate button,” he wrote. “Many smaller banks plan to start relocations before Christmas; bigger banks are expected to start in the first quarter of next year.”…
Brexit Bulletin: Bankers Prepare for Exodus From London
