Standard Chartered Boss Says Brexit Already Hurting London

Law360, London (December 7, 2017, 2:44 PM GMT) -- Contingency plans drawn up by banks in the U.K. as they prepare to face Brexit are inconvenient, expensive and damaging to London’s reputation as a leading financial center, the chief executive of Standard Chartered PLC said Thursday.

Bill Winters said the U.K.’s impending departure from the European Union has created “psychological” knock-on effects for the banking industry, in which non-U.K. citizens are starting to believe the country is no longer a hospitable place.

"We have already had some setbacks for the talent pool in London through...
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