MPs are testing bank bosses about the impact of Brexit on financial services

<pre><pre>MPs are testing bank bosses about the impact of Brexit on financial services

MPs to quiz Citi, JP Morgan and Barclays bankers about the impact of Brexit on financial services

  • Heads of banks appear on Tuesday for MPs led by Nicky Morgan
  • Barclays was until now largely neutral about the impact of the Brexit
  • But Jamie Dimon, the CEO of JP Morgan, has been very critical about the plan

Jamie Nimmo, Financial Mail on Sunday

A series of global banks has been convened for the Treasury Select Committee to ask questions about the planned British separation from the European Union in March.

James Bardrick, head of the British division at the US investment bank Citi, Mark Garvin, vice chairman at JP Morgan, and Kevin Wall of Barclays Ireland, appear on Tuesday for MPs led by committee chairman Nicky Morgan.

Barclays has been generally neutral about the impact of Brexit on financial services.

Chairman John McFarlane – also chairman of financial services lobby group The City UK – has concerns about terminal damage & # 39; of the split & # 39; in the long term & # 39; pushed aside.

But the chairman and CEO of JP Morgan, Jamie Dimon, was very critical of the plan.

He said he believes that the breakage will be "heavy for the British people." and • have an impact on global growth, and so Brexit can hurt everyone a little bit & # 39 ;.

Wall is expected to be questioned about the impact of a border on the Irish unit of Barclays.

Theresa May's Checkers plan was described as "light on detail"; for services and financial services by the law firm Macfarlanes.

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