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Lionel Laurent

Bankers Think Twice About That Sunny Spanish Bolthole

Madrid's post-Brexit finance pitch looks a little less beguiling.
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Photographer: Marji Lang

"London, whatever happens, Madrid will be there for you." That was the slogan of last year's campaign to woo Brexit-scarred bankers to Spain -- carried proudly on the side of a red double-decker bus.

Yet while the Spanish capital has certainly served as a haven for Catalan companies fleeing the fallout from the illegal referendum, it may have dropped down the list for bankers bolting from Brexit.