Lloyds Banking Group Readies Berlin Branch Ahead of Brexit -Reuters
January 23 2018 - 6:14AM
Dow Jones News
--Lloyds Banking Group is planning to have its Berlin unit ready
for business by the end of 2018--ahead of the U.K.'s exit from the
EU, Reuters reports, citing an unnamed source.
--The British bank applied to convert its local branch into a
subsidiary earlier this month, which will allow it to keep its
mainland operations in the EU, according to Reuters.
--The move is "more than a formality," it says.
Full story: http://reut.rs/2rzIdXq
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(END) Dow Jones Newswires
January 23, 2018 05:59 ET (10:59 GMT)
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