Bank of England governor slams EU raid on City bank trades as ‘very serious escalation’ and vows to ‘resist very firmly’
THE Bank of England governor has slammed a European Union raid on London bank trades as a 'very serious escalation'. The Bank's boss Andrew Bailey told MPs on the Treasury Select Committee that pressure from Europe on banks to shift their so-called clearing activity out of London was of 'dubious legality'. His comments come after [...]Full Post Here - Bank of England governor slams EU raid on City bank trades as ‘very serious escalation’ and vows to ‘resist very firmly’
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