Financial Firms Plan London Exodus To Stay Inside EU Market

Law360, London (January 18, 2017, 7:31 PM GMT) -- As Britain prepares to quit the European Union and its single market for goods and services, key banking services — such as securities trading, cross-border lending and payments systems — could soon leave London, financial lawyers told Law360 Wednesday, a day after Prime Minister Theresa May's landmark Brexit speech.

U.K. Prime Minister Theresa May's plan for a hard Brexit could lead to a number of key financial services leaving London to pursue a new financial center within the European Union. (AP) Bankers have been weighing their options ever since Britain voted on June 23 to break with the EU and its institutions. But...

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