Brexit May Leave Banks on the Hook for Impossible Contracts

  • Bankers, Carney highlight risks as derivative exposure flees
  • Arguing Brexit made contract illegal no defense, lawyers say

Brexit Breakthrough Hits Irish Border Snag

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As far as Brexit headaches go, Barclays Plc’s John McFarlane says that while his bank is on top of job relocations, he’s more concerned about rewriting “hundreds of thousands” of contracts.