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Banks begin moving some operations out of Britain
- q3k 10y agoPaywalled..?
- lowmagnet 10y agoThen ad-walled.
- Ujio 10y agoEverything at FT is paywalled, AFAIK.
- oskarpearson 10y agoClick the "web" link above, then click the first google result
- icc97 10y agoI think this might be a more accurate process: 1. Copy the web link above. Stick it into Google 2. select the dropdown next to 'www.ft.com › Companies › Financials › Banks' which for me brings up a 'cached' link. 3. Click on the 'Cached' link and you should see the article
- icc97 10y agoOr just try this link: http://webcache.googleusercontent.com/search?q=cache:bWfIIh-CoZoJ:www.ft.com/cms/s/0/a3a92744-3a52-11e6-9a05-82a9b15a8ee7.html+&cd=1&hl=en&ct=clnk&gl=us http://webcache.googleusercontent.com/search?q=cache:bWfIIh-...
- hugotroll 10y agoCan anyone elaborate what passporting means in this case? I don't think that was explained in that article. I'm assuming that it has something to do with transferring funds from one country to another?
- cwcw 10y agoIn that context it means when a bank is regulated in one of the countries in the single market (UK in EU), it can operate without regulatory concern in all the countries there. It is understandable that certain operations will inevitably be moved to a city in the heart of EU instead of staying in London.