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London Banks and other financial companies are shifting more assets and jobs out of the United Kingdom as the country lurches towards Brexit.
Financial services companies in Britain have announced plans to move £1 trillion into the European Union, according to consultancy EY. That's up from an earlier estimate of £800 billion .Many banks have set up new offices in Germany, France, Ireland and other EU countries to safeguard their regional business after Brexit. That means they also have to move substantial assets there to satisfy EU regulators.
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