Santander to Move 30 Staff to Spain in No-Deal Brexit Plan
- Investment bankers to leave U.K. if no exit accord is sealed
- Bank joins Citi in preparing plans to send workers to Spain
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Banco Santander SA is planning to move about 30 employees to Spain from its U.K. investment bank should Britain leave the European Union without an exit agreement, a person familiar with its plans said.
“We have contingency plans in place to ensure we continue serving our clients, without disruption, regardless of the outcome of Brexit negotiations,” the bank said in a statement in response to questions from Bloomberg.