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
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.