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Barclays Chairman ‘Confident’ London’s Euro-Clearing Hub Is Safe

  • Cost of shifting operations may protect U.K. financial firms
  • McFarlane also chairs TheCityUK financial lobbying group
Bloomberg business news

McFarlane on U.K. Financial Services, Brexit

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Barclays Plc Chairman John McFarlane said he’s confident much of the trading, clearing and fund-management activity involving the euro will remain centered in London, countering dire predictions of a mass exodus of bankers from Britain after Brexit.