Britain's financial sector wants a "Remain" vote in the EU referendum. They expect severe disadvantages for the City of London if people vote Brexit.
London's banking chiefs will travel to Brussels this week to shore up the UK capital's financial services sector post-Brexit. Several banks are planning to move staff to Frankfurt and Dublin to satisfy EU finance rules.
Sterling has experienced its worst four days since Britons voted to leave the EU, adding to fears for a "hard Brexit" that bankers in London said would force them to relocate some of their business.
The Federation of German Industries (BDI) has urged businesses in this country to draw up plans for an unregulated exit of Britain from the EU, meaning the UK leaves the bloc without a deal to shape future relations.
Many leading financial institutions are threatening to leave London following Britain's exit from the European Union. Japan's Sumitomo Mitsui will shift its focus to Frankfurt to maintain clients in EU member states.
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