You are here: Home » Reuters » News
Business Standard

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 ...

This article is no longer available in our repository.

There could be multiple reasons for this.

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