Divorce doesn’t usually come cheap. Besides immediate legal fees, the former cohabitants face higher long-term costs of running two separate households.
Likewise, banks are bracing for a possible increase in overall capital costs as they ready a post-Brexit breakup of their London hubs into UK and European Union arms. Whether that will happen for a specific bank depends mainly on the kind of businesses it has in each of the two locations and on what stance EU supervisors will take on its
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