European banks warn of London exodus if told to convert branches to subsidiaries

PARIS/LONDON (Reuters) – European banks are privately warning they will have to shift thousands of people out of Britain if Brexit negotiations push the Bank of England to demand that they reinforce London operations with fresh capital, executives have told Reuters.

from Reuters: Top News http://uk.reuters.com/article/uk-britain-eu-banks-idUKKBN1850GZ?feedType=RSS&feedName=topNews

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