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Bankers worry post-Brexit transition won't be long enough

They express disappointment after Brexit Secretary indicated that the period would be 1-2 years

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Ms Beale said Lloyd's is pushing ahead with plans to open European headquarters outside of Britain and will decide where to go in the first quarter, while Barclays's Mr Staley said "talking about transitions and phase-ins will be important".

London

GLOBAL banks, already accelerating plans to pull back from London as Brexit looms, are increasingly concerned that British Prime Minister Theresa May is underestimating the time they'll need to adjust to the upcoming changes in trade and regulations.

Despite the prime

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