Barclays CEO Urges Theresa May to Cut Taxes Post-Brexit
- Staley tells prime minister U.K. banks too heavily regulated
- May met bankers including Staley, Cryan and Weber Thursday
Juncker Invites U.K. to Reverse Brexit `Catastrophe'
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Barclays Plc Chief Executive Officer Jes Staley called on U.K. Prime Minister Theresa May to cut taxes and relax regulations on British banks after Brexit, according to a person familiar with his comments.
Staley told May and other industry executives meeting in London earlier Thursday that high taxes and burdensome regulation were making it hard for U.K. financial-services firms to compete against their U.S. rivals, said the person, who asked not to be identified because the meeting was private.