Credit Suisse is telling its wealth­i­est clients to hurry and move their money out of the UK be­fore Brexit

• Pri­vate bankers at Credit Suisse have re­port­edly told ul­tra wealthy clients to ac­cel­er­ate mov­ing as­sets out of the UK by Jan­uary. • A lack of clar­ity around Brexit could cause "tur­moil" ahead of a resched­uled par­lia­men­tary vote on the Brexit deal on Ja

The Malta Business Weekly - - NEWS -

Credit Suisse is sound­ing the alarm on Brexit un­cer­tainty after ad­vis­ing some of its wealth­i­est clients to con­sider ac­cel­er­at­ing plans to move as­sets out­side the UK ahead of a resched­uled vote on Prime Min­is­ter Theresa May's deal in Jan­uary.

Pri­vate bankers at the Swiss lender re­port­edly con­tacted key clients to sug­gest that many cus­tomers had al­ready opted to move as­sets out­side of the UK al­ready, and that they should con­sider do­ing the same.

Credit Suisse made the sug­ges­tion in the af­ter­math of Prime Min­is­ter May's de­ci­sion to post­pone a vote on Brexit un­til the new year, which the bank said pro­longed a pe­riod of "tur­moil", ac­cord­ing to the Fi­nan­cial Times.

Mean­while, UK busi­nesses will be told to pre­pare for a no-deal Brexit im­me­di­ately, The Sun re­ported on Tues­day.

Newspapers in English

Newspapers from Malta

© PressReader. All rights reserved.