Citi's UK chief says timing of Brexit contingency plans now key dilemma

Citi's UK chief says timing of Brexit contingency plans now key dilemma
 

The UK head of U.S. bank Citi (C.N) said on Tuesday that the main question facing the finance industry now is when to enact contigency planning after Britain voted to leave the European Union.
"The big question now is timing," James Bardrick, UK Country Officer for Citi, which has 9,000 UK employees, told delegates at a conference in London.
"How do we and when do we start making decisions...knowing the plan is ready to go...it could be in the first quarter of 2017."
British Prime Minister Theresa May has said she would trigger the process to leave the EU by the end of... read more

 
11 October 2016 in Business, Views: 39
Source: Reuters
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