How Will London Fair as a Financial Hub Post Brexit?
The U.K. will work to make sure global banks keep access to the single market when the country leaves the European Union, International Trade Minister Greg Hands said on Monday as he outlined the government’s aims for a Brexit deal. Hands said Britain would use forthcoming talks with the EU to prioritize the needs of financial-services companies that fear they will lose so-called “passporting” rights, the system that allows banks to operate across the 28-country bloc. M&A Advisors President David Fergusson discusses the Brexit Task Force Report on Corporate Finance with Lloyds Private Banking CIO Markus Stadlmann alongside Anna Edwards and Yousef Gamal El-Din on "Bloomberg Daybreak: Europe." (Source: Bloomberg)