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Barclays chairman confident London's euro-clearing hub is safe

Friday, July 7, 2017 - 05:50

The dispute over euro clearing is largely political, because there's no economic rationale for moving the business out of the British capital, says Mr McFarlane.


BARCLAYS Plc chairman John McFarlane said he's confident much of the trading, clearing and fund-management activity involving the euro will remain centred in London, countering dire predictions of a mass exodus of bankers from Britain after Brexit.

"The right thing for the

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