Impact on banks from Britain's vote to leave the EU


Global banks have warned they could move thousands of jobs out of Britain to prepare for the expected disruption caused by the country's exit from the European Union, endangering London's status as a major financial centre. Financial services firms need a regulated subsidiary in an EU country to offer their products across the bloc, and this could lead some to move jobs out of Britain if it loses access to the European single market.

Many of the top financial firms have begun drawing up plans. Following are some details.

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