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US banks planning exodus from Brexit Britain, says French minister

Finance minister Michel Sapin says banks had confirmed to him they would move some activities to the continent when the UK leaves the EU The French finance minister, Michel Sapin, has said that US banks have told him they will move some activities out of Britain to other European countries in the wake of the referendum decision to leave the EU. Sapin said that until now US banks had adopted a wait-and-see approach towards their British investments.
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