Banks warn it's too late to stop Brexit exodus

Executives 'increasingly pessimistic' a transitional deal can be agreed before they start moving staff

london stock exchange people
(Image credit: Rob Stothard/Getty Images)

London banks are warning the government might have left it too late to convince them to stay in the UK after Brexit.

Top executives at five of the City's largest lenders told Reuters that any transitional deal to soften the blow of leaving the EU will probably only come towards the end of negotiations, by which point they will be relocating staff abroad.

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