Banks Won’t Wait to See What Brexit Deal the U.K. Can Get

  • Executives said to assume U.K. will lose passporting rights
  • Firms need the two-year period to set up elsewhere in Europe

Big Banks Forego Patience as U.K. Ponders Brexit Deal

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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