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KM Financial Solutions | Banks view turning branches to subsidiaries as Brexit “red line”
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Banks view turning branches to subsidiaries as Brexit “red line”

28 Nov Banks view turning branches to subsidiaries as Brexit “red line”

Posted at 11:50h in News by
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LONDON, Nov 29 (Reuters) – Foreign banks in Britain view any
attempt to make them convert their branches to subsidiaries
after Brexit as a “red line” which would likely cause them to
rethink their presence in the country, an industry report said
on Wednesday.

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