CERTIFIED

Big UK banks scrambling to flee London


LONDON — Barclays; Bank of America, and more are all headed to leave London for good according to reports.  Reports indicate that big banks are eyeing to leave London for cities like Ireland and Frankfurt within weeks.

The news comes amid reports that Theresa May will trigger Article 50 this week, er, effectively ending the UK’s time as a member of the European Union.  

Sources report that May will trigger such an article on 29 March indicating a tough road ahead for the UK.  Two years of staunch negotiations sit ahead, for a country that will need its own trade deal.  

It is estimated that London will lose  €1.8 trillion once Brexit is complete and thousands of banking and financial jobs. 

(Visited 24 times, 1 visits today)
READ  Arrest warrant issued for SHK in Moscow 
Sultan Khan & Amaral Jade
Sultan And Amaral Khan are respectively the Senior Editors and the Editor In Chief of The Daily News. The Khan's cover dozens of topics in their duties, and, serve over an editorial staff of 5. To contact Sultan Khan The Editor In Chief - Sultank91@icloud.comTo contact our newsroom: contact@bazaardaily.co.uk
http://www.bazaardaily.co.uk