Major Banks to Leave UK Early Next Year Following Brexit

‘According to Anthony Browne, the chief executive of the British Bankers’ Association, major banks consider leaving the United Kingdom in the first quarter of 2017, while small banks plan to start relocations before Christmas, the Observer said.
“For banks, Brexit does not simply mean additional tariffs being imposed on trade – as is likely to be the case with other sectors. It is about whether banks have the legal right to provide services,” Browne said as quoted by the Observer. Browne noted that businesses could not wait to the last minute, since it could take much time to move the operations and “banks might hope for the best but have to plan for the worst”.’
Read more: Major Banks to Leave UK Early Next Year Following Brexit