4 ms·

Hmm, I haven't heard of any banks leaving yet.

• isostatic 10y ago
  Brexit hasn't happened yet. If it does there's no indication that they won't arrange some passporting arrangement to protect the bankers.
  • Symbiote 10y ago
    There's also no indication that they will, which is the whole problem for a business planning its future.
• branchless 10y ago
  You need to erase from your memory all the other times all the banks threatened to leave the one country that waves through financial crime.
• kbenson 10y ago
  Here's some stories.[1][2] Of course, these are about future plans, not actually leaving, so take them however you want. AFAIK,the real concern is not that banks will actually "leave" the UK, but that they will downsize as they move operations to other areas of the EU, which makes complete sense. Some of the laws that allowed free access to EU citizens from the UK will end with brexit, and while UK officials will try to get something similar in place, there are EU officials that feel that a deal that's essentially the same is not in their favor, and that the UK should pay a penalty for leaving. This is the uncertain climate that is causing some banks to hedge their bets and move some operations to the EU. 1: http://uk.reuters.com/article/uk-britain-eu-banks-idUKKCN12M0TZ http://uk.reuters.com/article/uk-britain-eu-banks-idUKKCN12M... 2: https://www.theguardian.com/politics/2016/oct/22/leading-banks-set-to-pull-out-of-brexit-uk https://www.theguardian.com/politics/2016/oct/22/leading-ban...
  • jacalata 10y ago
    I was responding to the statement that some banks were planning to leave and some had already left - I have heard of banks planning to leave, but have definitely not heard of anyone doing so. Was curious if the poster might come back with any evidence for that claim but as they haven't, I think it was probably just hyperbole.