Banks Won’t Wait to See What Brexit Deal the U.K. Can GetBy
Executives said to assume U.K. will lose passporting rights
Firms need the two-year period to set up elsewhere in Europe
Big investment banks with their European headquarters in London will start the process of moving jobs from the U.K. within weeks of the government triggering Brexit, a faster time line than their public messages of patience would imply, according to people briefed on the plans being drawn up by four of the biggest firms.
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