Global Banks Lobby U.S. to Guard London’s Status Post Brexit

September 16, 2016 9:32 AM

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Global Banks Lobby U.S. to Guard London’s Status Post Brexit

The world’s biggest banks are appealing to the U.S. and other foreign governments to help them make the case for safeguarding London’s status as an international financial hub in the Brexit negotiations.

Fearful their industry will be hurt when the U.K. leaves the European Union, executives are reaching out to governments abroad to ask them to lobby EU policy makers on the importance of London maintaining unfettered access to the bloc, Barclays Plc Chairman John McFarlane said in an interview Thursd...

Also read: Euro chief Dijsselbloem sees London losing EU finance dominance

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