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EU banking rules could 'choke investment' from booming City
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EU banking rules could 'choke investment' from booming City
The European Union threatens derailing its economic growth through changes to banking regulation after London beefed up its lending capacity following a Brexit boom. The 27-state bloc is set to bring in new legislation which will effectively ban non-EU banks from providing core banking services – such as lending and taking deposits – without establishing a fully-authorised branch or subsidiary within an EU member state. A new report from the New…
·London, United Kingdom
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