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
- 14:40 IRAN FURY: Rouhani blasts Macron and fires back at ‘domination’...
- 14:40 Plague latest: Death toll in Madagascar hits 195 as worst outbreak...
- 14:40 Investigation launched after shotgun fired in Lancaster
- 14:40 What is net neutrality and what are the arguments for and against it?
- 14:39 I'm A Celebrity branded "fake" by viewers - because of THIS sign
- 14:39 Robert Kubica given FINAL chance to prove he can make F1 return...
- 14:39 Mum’s horror after her car spins around and flips over as she tries...
- 14:39 VIDEO: Everything you need to know from Philip Hammond’s Budget
- 14:37 Tamworth FC set to unveil new striker before weekend
- 14:37 Firearms surrender in Northamptonshire yields 48 weapons in first...
- 14:37 VIDEO: Everything you need to know from Philip Hammond’s Budget
- 14:36 The Disaster Artist EXCLUSIVE: James Franco is uncanny as Tommy...
- 14:35 Chancellor supports Borderlands Growth Deal
- 14:35 Budget 2017: Chancellor touts £2bn ‘extra’ for Scotland
- 14:35 Cops say NO attempted child snatch happened in Poundland
- 14:35 Appeal for information after cats dumped in Preston park
- 14:35 Pub could be partially demolished to make way for new Co-op...
- 14:33 $esc.html($content.name)
- 14:33 Budget 2017: Stamp duty ABOLISHED for first-time buyers
- 14:33 Fears school land may be sold for housing
- 14:32 VIDEO: Everything you need to know from Philip Hammond’s Budget
- 14:30 Date and time confirmed for Burton Albion's FA Youth Cup clash with...
- 14:30 Rheumatoid arthritis symptoms eased using THIS unique diet plan
- 14:30 Hull ferry passengers were 'evacuated' in false alarm
- 14:30 Town fayre to kick off Harborough's festive season
- 14:30 Live Budget 2017 reaction as Philip Hammond announces u-turn on...
- 14:29 How the Great Fire of Edinburgh helped create the modern fire service
- 14:29 Ten places in Scotland to make your own festive wreath this Christmas
- 14:28 I'm A Celebrity 2017: Georgia Toffolo almost THROWS UP as she gags...
- 14:28 Budget 2017: What does the stamp duty change mean?