Suisse neutrality

Credit Suisse's Brexit ban is a display of neutrality its clients should cheer. The Swiss financial group has warned employees against participating in events, marketing or media engagements that could influence the outcome of the UK's referendum on European Union membership, in an internal memo seen by Breakingviews.

Most multinational investment banks with European headquarters in London should want the UK to stay within the EU. An exit would mean higher short-term costs, and might force them to relocate some staff to another European.

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