Oct
05
Hammond Travels to New York to Reassure Banks Over Brexit
By-
Chancellor to meet Wall Street Leaders amid hard Brexit fears
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British-based banks stand to lose $51 billion, report says
Chancellor of the Exchequer Philip Hammond will tell Wall Street executives on Thursday that he’s determined to safeguard the City of London as concerns mount that leaving the European Union could prompt banks to move jobs and operations out of Britain.
On his first visit to the U.S. since replacing George Osborne in July, Hammond will meet with banks including Citigroup Inc., Bank of New York Mellon Corp., Morgan Stanley and Goldman Sachs Group Inc. He is set to tell them that he wants a Brexit deal that secures good access to European markets for financial-services companies…
Hammond Travels to New York to Reassure Banks Over Brexit
