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Hammond Seeks to Keep U.K. a ‘Great Place’ for Banks Post-Brexit

  • Chancellor met today with HSBC, LSE, Morgan Stanley officials
  • Banks are worried they will lose easy access to EU market
Philip Hammond, U.K. foreign secretary.

Philip Hammond, U.K. foreign secretary.

Photographer: Justin Chin/Bloomberg
Updated on

U.K. Chancellor of the Exchequer Philip Hammond sought to calm bankers concerned their industry will suffer from Brexit, telling them he understands the risks facing them and the importance of limiting the fallout on the finance industry.

“It is important Britain maintains its status as a great place for financial services,” Hammond said in a statement. “The government stands ready to help the sector maximize the opportunities that leaving the EU presents.”