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Investment banks tell UK's Osborne they will help London after Brexit vote

Thursday, July 7, 2016 - 19:12
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Major investment banks including Goldman Sachs and JPMorgan said they would work to help London remain a top centre for international finance, in a joint statement on Thursday with British finance minister George Osborne.

[LONDON] Major investment banks including Goldman Sachs and JPMorgan said they would work to help London remain a top centre for international finance, in a joint statement on Thursday with British finance minister George Osborne.

"Britain's decision to leave the EU clearly presents economic challenges which we are determined to work together to meet," the statement said.

"Today we met and agreed that we would work together to build on all this with a common aim to help London retain its position as the leading international financial centre."

Senior executives from Standard Chartered, Bank of America Merrill Lynch and Morgan Stanley, as well as from Goldman Sachs and JPMorgan, met Mr Osborne and signed the statement.

REUTERS