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Barclays says has spent up to 200 million pounds on Brexit

Reuters  |  DUBLIN 

By Padraic HalpinDUBLIN (Reuters) - Barclays has spent 100 to 200 million pounds ($129-258 million) moving operations and staff out of Britain to prepare for Brexit, its UK chairman Gerry Grimstone said on Wednesday as bank bosses detailed the costs involved.International banks have been setting up subsidiaries across the European Union since Britain voted to leave the bloc in 2016 to ensure they can continue to serve clients if their operations in London lose the rights to do so from March 29.Barclays has moved its European headquarters and almost 200 billion euros in assets to Dublin and ...

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First Published: Wed, February 13 2019. 19:25 IST