British banks preparing to leave UK over Brexit - Observer

Britain's biggest banks are preparing to move out of the country in early 2017 because of fears over the impending Brexit negotiations, while smaller banks are making plans to leave before Christmas, the chief executive of the British Bankers' Association Anthony Browne said. Banks in Britain depend on a European "passport" to serve clients across the 28-country European Union from one base and lenders worry that this right will end after Britain leaves the EU. Banks have already said they are m