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NewsReutersBankers quit London as Brexit relocations to EU step up
Investment banks are shifting more rainmakers out of London to financial centres across the European Union, accelerating the pace of moves after the pandemic and uncertainty over Britain's access to the bloc slowed relocations. Morgan Stanley, Barclays and Goldman Sachs are among those moving senior bankers, according to sources at the lenders, as European regulators push banks to better staff their EU offices and travel restrictions ease. The lack of a breakthrough in talks for a meaningful deal between Brussels and London on financial services post-Brexit has added to the impetus.
NewsReutersUK warns on sustainability of post-Brexit N.Ireland trade rules
LONDON (Reuters) -The way in which post-Brexit trade rules for Northern Ireland are operating may not be sustainable for long, Britain said on Tuesday, as firms count the cost of disruption and pro-British loyalists oppose requirements brought in since Jan. 1. London and Brussels agreed to keep Northern Ireland within the EU's trading sphere, avoiding a hard border on the island of Ireland but introducing trade barriers, including a customs border, between the province and the rest of the United Kingdom. "Businesses have gone to extraordinary efforts to make the current requirements work, but it is hard to see that the way the Protocol is currently operating can be sustainable for long," British negotiator and junior minister David Frost said in a statement.
