Britain leaving EU internal market would hit City of London: EU's Dombrovskis
- Wall Street again marks new highs in post-election run
- Broadcom Ltd. (AVGO) Tops Q4 EPS by 11c
- Restoration Hardware (RH) Tops Q3 EPS by 4c; Guides Well Below the Street
- Unusual 11 Mid-Day Movers 12/8: (COOL) (TLRD) (DRAM) Higher; (SHIP) (OHRP) (MLSS) Lower
- After-Hours Stock Movers 12/08: (FNSR) (AVGO) (GLPG) Higher; (XTLY) (RH) (DLTH) Lower (more...)
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
BERLIN (Reuters) - European Commission Vice President Valdis Dombrovskis said in a newspaper interview published on Thursday that if Britain decided to leave the European internal market, it would hit the City of London hard.
"If (the British government) decides to leave the European internal market as well as the European Union, it would have serious effects for the City of London," he told German newspaper Handelsblatt.
"At the moment British banks only need a license for one EU state to be able to be active in all member countries. The banks would lose this EU passport if Britain no longer wants to completely respect the rights and duties of the European internal market after it has left the EU," Dombrovskis said.
(Reporting by Michelle Martin and Madeline Chambers)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- U.N. urges Myanmar's Suu Kyi to visit country's divided northwest
- Wells Fargo picks four directors for sales scandal probe: source
- Trump gets one presidential intelligence briefing a week: sources
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!