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City banks under pressure to strengthen Brexit hubs in Europe

Financial services institutions are still unclear on how close ties between the EU and the City will be

Frankfurt
Frankfurt Photo: Getty Images

For London-based investment banks, Brexit means Brexit, no matter what deal prime minister Boris Johnson strikes with Europe.

Senior investment bankers told Financial News that both clients and regulators are putting pressure on them to bolster their offices in Europe, often beyond their initial Brexit commitments, as the UK prepares to leave the European Union on 31 January.

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