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Posted on 06/27/2026 7:49:02 AM PDT by MinorityRepublican
British banks are seeking closer ties with the European Union, according to a report, opens new tab published by industry lobbying body UK Finance on Monday, ahead of a summit between Prime Minister Keir Starmer and officials from the bloc scheduled for July and aimed at "resetting" ties between the two.
The report said banks were not seeking to undo Brexit or "reverse convergence into the EU Single Market," but instead to formalise aspects of the Memorandum of Understanding on Financial Services Cooperation between Britain and Europe signed in 2023.
The report marks one of the most assertive declarations yet by Britain's financial industry that it is seeking to integrate further with its European counterpart, a decade on from the June 2016 Brexit referendum which saw Britain leave the bloc and cut off some access to its financial markets.
(Excerpt) Read more at reuters.com ...
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They want to give the EU that $450 million a week again ,British banks will be waiting in the EU to grab a share ,LOL
The “finance sector” in the UK has been infused with “management” more interested in globalism than making the best decisions for shareholders. Personnel is policy.
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