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Banks begin London exodus as hopes of transitional deal fade

Reuters  |  LONDON 

By Andrew MacAskill and Anjuli DaviesLONDON (Reuters) - Britain may have left it too late to convince major banks that it can strike a deal to soften the impact of Brexit before they start shifting jobs from London.Top executives at five of the largest banks in the capital told Reuters a staggered deal on leaving the European Union is only likely to be agreed late on in talks with Brussels, meaning they have already begun relocating staff. And a more conciliatory government tone towards business, having largely refrained from engaging with corporate leaders about Brexit ahead of last month's ...

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First Published: Tue, July 11 2017. 20:50 IST
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