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Banks Told to Move Staff to EU as U.K. Heads for Hard Brexit

  • Lenders transferred fewer resources than planned, ECB says
  • Push comes as the risk of a sudden British departure increases
Germany's Financial District As Cross-border Mergers Mulled
Photographer: Alex Kraus/Bloomberg
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The European Central Bank blasted banks for slow-walking their Brexit preparations, telling them to move additional staff and resources to the European Union in case Britain leaves without a deal on Oct. 31.