Barclays is moving assets worth €190 billion from London to Dublin because it "cannot wait any longer" to implement its Brexit contingency plan.
These funds amount to 15% of its total €1.05 trillion of assets.
The move was approved by the UK’s High Court and involves 5,000 Barclays clients who seek assurances of uninterrupted service. The ruling recognises that the bank has a legitimate claim to uncertainty and cannot be forced to delay an internal decision on where to park its assets
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