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Wall Street banks drawing up plans for if Britain leaves EU: Financial Times

Published on Aug 18, 2014 4:33 AM
 
A Citigroup logo is pictured from the floor of the New York Stock Exchange on July 9, 2014. Citigroup, Morgan Stanley and Bank of America are considering Ireland as an alternative location for some of their European activities if they need to move them out of Britain, according to people familiar with the banks, the Financial Times reported. -- PHOTO: REUTERS

LONDON (REUTERS) - Some Wall Street banks are drawing up preliminary plans that include moving some of their London-based operations to Ireland to deal with the possible scenario of Britain leaving the European Union, the Financial Times reported on Sunday, citing people familiar with the situation.

Citigroup, Morgan Stanley and Bank of America are considering Ireland as an alternative location for some of their European activities if they need to move them out of Britain, according to people familiar with the banks, the Financial Times reported.

The FT reported that the plans were at a very early stage.

Representatives of the three banks could not immediately be reached for comment outside regular working hours.

 
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