Banks Begin Brexit Moves Despite Transition Call
- Bosses need legally binding agreement before reassessing plans
- Firms have already begun process of setting up new EU offices
U.K.'s May Sees Period of Implementation in Brexit
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Big investment banks with their European headquarters in London are forging ahead with plans to create new trading hubs elsewhere in the region in preparation for Brexit despite the U.K.’s pledge to secure a two-year transition period after March 2019, according to people with knowledge of the situation.