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A Brexit Logjam Is Looming at the Bank of England

  • EU banks to become third-country lenders when passporting ends
  • Issue arises of BOE’s resources needed for authorizations
The Bank of England in London.

The Bank of England in London.

Photographer: Simon Dawson/Bloomberg
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A logjam is looming at the Bank of England as almost 80 foreign banks that are operating U.K. branches decide on their future in post-Brexit Britain.