October 16, 2017 / 3:01 PM / a year ago

UK's Hammond confident London will remain global financial center: CNBC

FILE PHOTO: Britain's Chancellor of the Exchequer, Philip Hammond, leaves Downing Street in central London, Britain October 9, 2017. REUTERS/Toby Melville

LONDON (Reuters) - British finance minister Philip Hammond said on Monday he was confident London would remain a global financial center after Brexit, and that most international banks were planning to keep the vast majority of their London-based staff.

“EU business is only a fraction of London’s total business, and we’re very confident that the UK, London, will remain a global financial center,” Hammond said in an interview with CNBC during a visit to the United States.

Reporting by Andy Bruce, editing by David Milliken

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