With cross-border lending expected to slide, Banks worried about Brexit

Given the lack of progress toward an agreement that would maintain access to the European market, it wouldn't be surprising if bankers' actions started matching their words

For a long time, bankers’ concerns about the UK’s exit from the European Union didn’t seem to have much effect on London’s role as a global financial hub.

That might be changing.

One measure of London’s prominence is the amount of international lending that originates in the UK. A German bank, for example, might provide financing to an Irish hedge fund from its London operations. Or a US bank might use its London base to make corporate loans in Europe. As long as Britain is part of the EU, the union’s financial rules let any bank established there do business throughout Europe