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Banks put ‘hard’ Brexit move plans into action

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follow the latest news of” banks around the world ” from different sites most famous technicals /Gavin Finch by 2017-01-19 at 9:44

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Banks Welcome May’s Phased Brexit Bid Amid Plans to Relocate

Banks Welcome May’s Phased Brexit Bid Amid Plans to Relocate*/

– HSBC chairman says banks need to plan for the worst on accessFinance firms welcomed Prime Minister Theresa May’s pledge to deliver a “phased approach” to the U.K.’s withdrawal from the European Union’s single market even as they said they were preparing for the worst.“We do not seek membership of the single market,” May said in a speech in London on Tuesday.“Instead we seek the greatest possible access to it through a new, comprehensive, bold and ambitious free trade agreement.”While May promised to fight for a transitional period that would allow financial-services firms time to adjust to whatever new trade deal is agreed with the EU — a key industry demand — there are no guarantees she will be successful.
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Wall Street Meets May in Davos as Banks Plan Own Brexit

Wall Street Meets May in Davos as Banks Plan Own Brexit*/

– U.K. Prime Minister Theresa May may find a skeptical audience when she meets the leaders of the global finance industry on Thursday as they push ahead with their own plans for Brexit.Two days after delivering her vision for pulling Britain out of the European Union’s single market, May addressed the World Economic Forum’s annual meeting in Davos, Switzerland.She will also attend a private session with Wall Street executives.
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Banks put ‘hard’ Brexit move plans into action

Banks put 'hard' Brexit move plans into action*/

– Canary Wharf and the city are seen at sunset in London, December 14, 2016.REUTERS/Eddie KeoghLONDON Global banks have begun signaling how they will put plans into action to cope with a “hard” exit by Britain from the European Union.Until now, banks have considered varying degrees of upheaval to their British-based businesses, depending on whether the outcome of Brexit was “hard” or “soft.”
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Banks moving staff from London to Europe over Brexit

Banks moving staff from London to Europe over Brexit*/

– LONDON – An oil tanker needs around five miles of sea to stop and takes up to an hour to change course.They’re great at moving thousands of tons of crude oil across the world but they’re not nimble.In many ways, they’re like an investment bank.
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