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10 things you need to know before European markets open

Good morning! Here's what you need to know on Tuesday. Russia's VTB bank became the first official banking casualty of Brexit. The bank will relocate its European headquarters to another city, the Financial Times reports. " “We did have bigger plans for the London office, but after Brexit we are scaling them down and building them up elsewhere," VTB's CFO Herbert Moos said.
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