London

CHANCELLOR of the Exchequer Philip Hammond will tell Wall Street executives on Thursday that he's determined to safeguard the City of London as concerns mount that leaving the European Union could prompt banks to move jobs and operations out of Britain. On his first visit to the US since replacing George Osborne in July, Mr Hammond will meet banks including Citigroup, Bank of New York Mellon, Morgan Stanley and Goldman Sachs. He is set to tell them that he wants a Brexit deal that secures good access to European markets for financial-services companies.

"While the government has not finalised its future approach to our relations with the EU, the government's position is clear; we want the best deal for trade in UK goods and services," Mr Hammond said in a statement released by the Treasury. "I will do everything I can to ensure the City of London retains its position as the world's leading international financial centre."