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Britain's PM, Wall Street banks to discuss Brexit

Tuesday, September 20, 2016 - 07:22
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British Prime Minister Theresa May is expected to meet with Wall Street finance leaders on Monday to discuss the consequences of the Brexit vote, a person familiar with the matter said.

[NEW YORK] British Prime Minister Theresa May is expected to meet with Wall Street finance leaders on Monday to discuss the consequences of the Brexit vote, a person familiar with the matter said.

Ms May, who is in New York for the United National General Assembly, is set to see officials from Goldman Sachs, Morgan Stanley and other banks, according to the source, who spoke on the condition of anonymity.

The two large US banks declined comment.

Other companies with big British investments set to participate in the meeting at the British consul-general in New York include Amazon, IBM and BlackRock, the source said, confirming a report in the Financial Times.

The gathering comes as British officials debate how hard to push for access to the European Union common market in talks with EU officials following the June vote in which a majority of Britons supported exiting the bloc.

London and Brussels are expected to conduct lengthy negotiations after May triggers the EU treaty's Article 50, which sets out how members can leave the union.

The five biggest US banks, which employ some 40,000 people in London, have begun talks with European regulators about procedures for obtaining banking licenses and meeting capital requirements for a post-Brexit Europe, banking sources told AFP in July.

AFP